En+ Group Announces Refinancing of Loan from VTB
Moscow, 11th of September, 2015 — En+ Group announces a success in refinancing its $1.043 bln credit facility from VTB. The new maturity date is in December 2019 extendable for two more years, due to parties agreement.
The new agreement stipulates a repayment schedule linked to the company’s cash flow forecast, as well as several early repayment options (e.g. in case that financing is attracted from the capital markets).
En+ Group CEO Maxim Sokov commented: «The refinancing creates comfortable prerequisites for the Group’s sustainable growth — of both the existing businesses and new promising projects. The availability of
About the company:
En+ Group (www.enplus.ru) is a leading diversified mining, metals and energy group. En+ Group holds a controlling stake in the world’s largest aluminium producer UC RUSAL, owns Russia’s largest independent power producer EuroSibEnergo and one of the leading suppliers of ferromolybdenum to the global market SMR, significant coal assets and logistics business. En+ Group ‘s companies project pipeline includes construction of power plants and metal smelters, projects in iron ore, coal and nuclear power. The core base of En+'s businesses is located in Eastern Siberia. The Group’s consolidated revenue totaled $11.9 bln in 2014.