Source - SMW
Ukrproduct Group Ltd has reached agreement with OTP Bank for the deferral of the principal loan repayment of 32.3m Ukrainian Hyrvnia (UAH), or about £0.95M, due 9 June 2017 initially until 23 June 2017.

By that latter time it was expected that negotiations in relation to a new loan agreement would have been completed.

The company also said it had obtained waivers from the European Bank for Reconstruction and Development (EBRD) in respect of debt ratio covenant breaches in the amended and restated EBRD loan agreement announced on 30 June 2016 in respect of the periods ended 31 December 2016 and 31 March 2017.