Press release
St Helier, Jersey
May 26, 2010
BLACK EARTH FARMING LTD ANNOUNCES ITS INTENTION TO INVESTIGATE THE
POSSIBILITY OF REFINACING ITS EXISTING BOND LOAN
Black Earth Farming Ltd. (“Black Earth Farming” or “the Company”) announces that
it has appointed E. Öhman J:or Fondkommission AB (“Öhman”) to investigate the
possibility of issuing a new bond loan of up to SEK 750 million. The intention
is to refinance the Company's outstanding EUR 55 million bond loan but also to
assume greater financial flexibility to act on current acquisition opportunities
in the market.
For additional information, please contact:
Gustav Wetterling, IR Director, Black Earth Farming Ltd., tel: +44 207 117 81 00
Notes to Editor:
Black Earth Farming Ltd. is a leading farming company, publicly listed in
Stockholm and operating in Russia. It acquires, develops and farms agricultural
land assets primarily in the fertile Black Earth region in southwest Russia.
Black Earth Farming has gained a strong market position in the Kursk, Tambov,
Lipetsk, Samara, Voronezh and Ryazan areas, controlling some 330,000 hectares of
what perhaps is the world's most fertile soil.
In 2008 Black Earth Farming harvested 141,900 hectares and in 2009 it has
harvested over 183,000 hectares, effectively making it one of the world's
largest farming companies by planted area. The Company's main products are
wheat, barley, corn, sunflowers and rape seeds.
Corporate website: www.blackearthfarming.com
BLACK EARTH FARMING LTD ANNOUNCES ITS INTENTION TO INVESTIGATE THE POSSIBILITY OF REFINACING ITS EXISTING BOND LOAN
| Source: Black Earth Farming Ltd.
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