Nibulon signed a debt restructuring agreement with three banks

Ukrainian agroholding Nibulon has signed a debt restructuring agreement in partnership with three European banks.

These are the European Bank for Reconstruction and Development, the European Investment Bank and the German Development Bank (DEG), Nibulon reported.

The agreement, signed on May 28, covers Nibulon’s loan portfolio with the EBRD, EIB and DEG. It reflects the ongoing cooperation between the parties and a shared commitment to finding practical solutions in times of war.

Since 2015, Nibulon has received support from key financial partners — the EBRD, EIB and DEG. Their financing has contributed to the implementation of a number of projects:

• investments in river infrastructure;

• construction of Nibulon’s own river fleet;

• modernization of agricultural machinery.

This cooperation has played an important role in the company’s growth in the agricultural and logistics sectors of Ukraine.

The EBRD provided two key loans in 2018 and 2020 to support investments and working capital. The EIB provided an investment loan in 2016, supporting the company’s long-term development plans. DEG joined Nibulon in 2019 through an investment loan.

“Despite the serious challenges caused by the war, with confirmed losses of USD 433 million out of an estimated USD 500 million, Nibulon continues to demonstrate impressive transformation, efficiency gains and stable results. We greatly appreciate the full support of all our financial partners – 26 of them – whose commitment and cooperation have been critical throughout this difficult and long process,” said Mykyta Grubov, CFO of the agroholding.

USM previously reported that the Nibulon terminal in Mykolaiv will operate with cargo from other companies.