NIBULON, one of Ukraine’s leading grain exports and agricultural production companies, has signed a debt restructuring agreement with the International Finance Corporation (IFC) covering an outstanding loan balance of USD 18.2 million. This agreement formalizes previously agreed terms, providing an extension of the final maturity until 2029.
The original USD 120 million loan, provided by IFC in 2017, was used for development of NIBULON’s infrastructure projects. Many of these assets were significantly affected in early 2022 during the full-scale Russia’s invasion of Ukraine. Despite losses that have left approximately 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 commitments during the recovery period.
IFC is the first among NIBULON’s international financial partners to formalize the restructuring terms. The company is actively working to reach similar agreements with other financial institutions, including the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO).
“The support from international financial institutions plays an important role not only for NIBULON but also for the Ukrainian economy as a whole,” said Andriy Vadaturskyy, CEO of NIBULON. “By supporting our company, these institutions help sustain agricultural production in Ukraine and maintain its export capacity during challenging times. We remain committed to fulfilling our obligations and will continue to invest in Ukraine’s recovery and the strengthening of global food security.”
NIBULON values its cooperation with international financial partners and looks forward to continuing constructive engagement.
We previously reported that NIBULON secured $5 million in new financing from First Ukrainian International Bank.
