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Acron Extends for Two Years a Syndicated Structured Pre-Export Finance Facility for up to USD 750 Million

   On 29 April 2021, Acron Group has executed an amendment agreement to extend its up to USD 750 million syndicated structured pre-export finance facility which was originally signed with a group of relationship banks on 3 May 2017. The term of the facility has been extended for another two years with new final maturity date in May 2026.

The Coordinators and Bookrunners of the deal are ING Bank N.V. and AO UniCredit Bank. The Mandated Lead Arrangers and Lenders include AO UniCredit Bank, ING Bank N.V., HSBC Bank plc, Crédit Agricole Corporate & Investment Bank, SGBT Finance Ireland Designated Activity Company, PJSC ROSBANK, Bank ICBC (JSC), Sberbank of Russia, Joint-Stock Commercial Bank “Bank of China (Russia)” with ING Bank N.V as the facility agent.

Acron Group Vice President for Finance and Economics Dmitry Balandin commented: “We are glad to announce this deal with a pool of international banks. The deal proves that Acron Group has high borrowing capacity and significantly improves our liquidity profile. By closing this transaction, we almost completely cover our refinancing needs for 2021”.