SUEK Group secures US$ 1.0 billion 5-year pre-export finance facility from a syndicate of Russian and international banks
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Today on 17 May 2017 SUEK Group has signed a US$ 1.0 billion loan agreement. The loan facility with five years duration is secured against the Group’s export revenues, has an option of an increase up to US$ 1.2 billion and will be used for refinancing as well as general corporate purposes.
Nineteen financial institutions, both Russian and international, have participated in the syndicate.
Nikolay Pilipenko, SUEK CFO, commented on the loan agreement,
“We at SUEK are very pleased with the results of this syndication and how our achievements, plans, and strategy are perceived by our lending banks. The company remains fully committed to deliver on its goals, whether financial, operational, or industrial and environmental safety, as well as social responsibility”.