NIBULON, one of the leaders in Ukraine's grain export and agricultural production, has signed a debt restructuring agreement with the International Finance Corporation (IFC), covering an outstanding loan of $18.2 million. This agreement formalizes previously agreed terms and extends the final repayment deadline until 2029.
The initial loan of $120 million, granted by the IFC in 2017, was allocated for the development of NIBULON's infrastructure projects. Many of these assets were significantly damaged in early 2022 during Russia's full-scale invasion of Ukraine. Despite the losses, which left about 68% of the company's assets non-operational, NIBULON continues its operations and invests in Ukraine's agricultural sector. The agreed restructuring provides the company with additional flexibility to meet its financial obligations during the recovery period.
The IFC became the first international financial partner of NIBULON to officially formalize the restructuring terms. The company is actively working to reach similar agreements with other financial institutions, including the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), and the Dutch Development Bank (FMO).
"Support from international financial institutions plays a crucial role not only for NIBULON but for the Ukrainian economy as a whole," said Andriy Vadaturskyi, CEO of NIBULON. "By helping our company, these institutions contribute to the preservation of agricultural production in Ukraine and support its export potential in these challenging times. We remain committed to fulfilling our obligations and will continue investing in the recovery of Ukraine and strengthening global food security."
