The EBRD is considering providing a senior loan of $50 million to support CJSC Obolon, a leading Ukrainian beer and beverages producer, in restructuring its balance sheet and funding energy efficiency improvements.
The proposed project will help the company restructure its balance sheet and make improvements in the company’s practices from energy efficiency point of view. The Bank’s long-tenured loan will help the Company to put its operations on a more stable footing and provide room for growth. The energy savings as a result of the energy efficiency investment programme will be achieved mainly through modernisation of boiler house, upgrade of electricity distribution system and optimisation of production processes.
Obolon CJSC (the “Company” or “Obolon”) is a leading Ukrainian company in the beer and soft drinks sector with annual 2008 production volume of around 113 million dekalitres of beer and an estimated 30 per cent of market share in 2008.
EBRD finance:
Up to $ 50 million secured loan to Obolon comprising partial refinancing of short-term debt and energy efficiency component.
Total project cost:
$ 50 million. |
