Acron Group announces the completion of an up to USD 525 million 5-year syndicated pre-export loan facility with a club of relationship banks. The documentation was signed on December 30, 2014 and is governed by English law.
Proceeds will be utilized to repay an existing USD 400 million Bridge Term Loan Facility signed in April 2014.
The recently signed deal was arranged by Société Générale Corporate & Investment Banking and "Rosbank" (PJSC JSCB), HSBC Bank plc, Bank of China, Luxembourg branch, AO Unicredit Bank and International Investment Bank.
Senior Vice President Oscar Valters commented:
“Successful completion of the deal is a milestone event in the current challenging market environment. This long-term Facility proves Acron’s strong creditability and enhances further Groups liquidity profile.”