28.03.2007, 11:39
LUKOIL Obtains a US$ 250 Million Term Loan Refinancing Facility
OREANDA-NEWS. March 27, 2007 OAO LUKOIL has mandated ABN AMRO and CALYON to arrange an unsecured US$ 250 Million Term Loan Facility, reported the press-centre of OAO LUKOIL. The Facility is priced at LIBOR plus 0,4% per annum and has a five-year maturity. The Facility has been arranged to refinance the remaining part of the Company’s syndicated pre-export facility obtained in 2003. At that time the Company obtained a US$ 765 Million facility secured on export receivables. Thus, LUKOIL plans to restructure a part of its debt by replacing a relatively expensive secured facility with a less expensive unsecured one.
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