Creditors to Ukraine's Largest Poultry Firm Grant It More Time to Pay Interest
- Grace period on bond interest payment will be extended
- 1,500 of MHP’s male workers fight in war against Russia
Source: MHP SE
This article is for subscribers only.
Creditors to Ukraine’s largest poultry producer MHP SE agreed to grant the company nine months to make interest payments on $1.4 billion of bonds.
A majority of bondholders voted in favor of a 240-day extension to the 30-day grace period, the company said in a statement on Wednesday. MHP won’t be able to raise more debt and will have restrictions in using its cash in this period.