IFC restructured Nibulon’s loan for $18.2 million
25.02.2025 - 10:30
The International Finance Corporation (IFC) and the agricultural holding Nibulon have signed a debt restructuring agreement.
The agreement concerns an outstanding loan of $18.2 million. The agreement provides for an extension of the final repayment period until 2029, Nibulon reports.
The initial loan of $120 million, provided by IFC in 2017, was directed to the development of Nibulon’s infrastructure projects.
“Many of these assets suffered significant damage in early 2022 during Russia’s full-scale invasion of Ukraine. Despite the losses that left about 68% of the company’s assets idle, Nibulon continues its operations and invests in Ukraine’s agricultural sector,” the company emphasized.
In turn, the agreed restructuring provides the company with additional flexibility to meet financial obligations during the recovery period.
It should be noted that IFC became the first international financial partner of Nibulon to officially confirm the terms of the restructuring.
As a reminder, Nibulon paid over UAH 700 million in taxes and fees in 2024.
