UPL’s international arm -- UPL Corporation has arranged financing of EUR 100 million to meet working capital requirements across the group. The short tenor loan carries zero running coupon and is the first such financing raised by the group. The facility is proposed to be arranged by Cooperatieve Rabobank U.A., the leading Dutch Food and Agri-focused bank. The transaction is subject to customary conditions, including the execution of necessary documentation and receipt of required approvals and is expected to be completed in August-September 2019.
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
