Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH).
According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28.
The shareholders authorized the board of ADM Illichivsk to sign addendums to the following contracts: on the short-term loan dated June 8, 2012, on the provision of overdraft services dated June 7, 2015 on the loan with the limit of $30 million and permitted the board to attract reimbursable financial assistance of 200 million UAH.
The permits are in effect within 12 months after the date of the meeting.
AMD Illichivsk is a subsidiary of ADM Corporation.
According to a posting on the corporation’s website, the corporation operates an oilseed crushing plant in Illichivsk, a grain terminal in the port of Odessa, five inland and one river silos, and a trading office in Kyiv. ADM employs more than 850 people in Ukraine
In April 2014, ADM finalized a deal to acquire Alfred C. Toepfer International, a global merchandiser of agricultural commodities and processed products with offices all over Ukraine. (Interfax/Business World Magazine)