"Norilsk Nickel" draws $ 750 million loans at UniCredit Bank and Raiffeisenbank.
Edited by Rhod Mackenzie / 2014-04-11 05:12:42
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The "Norilsk Nickel" report states that the company signed two treaties with JSC "UniCredit Bank" to provide a 5-year term unsecured loans totaling $ 400 million and with CJSC "Raiffeisenbank" for $ 350 million.
The funds will be used to partially refinance the existing debt and to increase the stock of medium-term liquidity. While the net debt remains unchanged.
"Despite the strong financial position and the existence of a reliable reserve free funds on the balance sheet, "Norilsk Nickel" is actively working to improve the profile of its loans and the debt repayment under financial policies aimed at ensuring the implementation of the new strategy of the company", - Sergei Malyshev, the deputy director, stated.
