OREANDA-NEWS. November 13, 2007. LLC Lenta (“Lenta”), ABN AMRO Bank N.V. (“ABN AMRO”), Commerzbank Aktiengesellschaft (“Commerzbank”), Raiffeisen Zentralbank Osterreich AG (“RZB”) and ZAO Raiffeisenbank Austria (“RBRU”) (RZB and RBRU together referred to as “RZB Group”) (together, the “Mandated Lead Arrangers”) successfully signed a syndicate of banks into a EUR 200 million Syndicated Term Loan Facility, reported the press-centre of Raiffeisen.

The transaction is Lenta’s largest international syndicated loan to date. The loan is priced initially at a margin of 1.40% over EURIBOR or LIBOR, depending on the loan’s currency. The margin may vary over the life of the loan depending on the debt level. Participation fees were 50bps (EUR 20mn), 35bps (EUR 10mn) and 25bps (EUR 5mn) respectively.

Lenta plans to use the facility to refinance its existing borrowing and support ongoing capital expenditure and strategic expansion of its hypermarket chain to the Russian regions.

Full report see here: http://www.raiffeisen.ru/rBank/news/1194939307334