OREANDA-NEWS. UniCredit has successfully closed the syndication for the fully underwritten USD 118,000,000 Syndicated 3-year Term Loan Facility for PJSC Novorossiysk Commercial Sea Port (NCSP), rated Ba1 and BB+. The Facility comprises the first syndicated term loan facility arranged for NCSP.

According to the NCSP press service, the Facility was signed in mid-July 2007. The proceeds of the Facility have been used to refinance NCSP's long-term indebtedness. In spite of not very favourable market conditions, syndication was closed successfully at the beginning of November, with aggregate commitments above USD 118,000,000 raised; the borrower decided not to increase the Facility amount.

In the framework of the facility: UniCredit Group acts as MLA and Bookrunner. Skandinavska Enskilda Banken AB acts as Senior Lead Arranger. ALPHA BANK A.E., BAWAG PSK, Raiffeisenlandesbank Niederosterreich-Wien AG, Investkredit Bank AG, OTP Bank Plc., Caixa Geral de Depositos, S.A., Sumitomo Mitsui Banking Corporation Europe Limited, ZAO Banca Intesa, IKB Deutsche Industriebank act as Arrangers.

About UniCredit
 
With a current market capitalization of approximately euro 84 billion (1 October 2007), ranking among the top financial groups in Europe, UniCredit has a presence in 23 countries, with over 40 million clients and 9,000 branches. Within the Group, the division UniCredit Markets & Investment Banking is the competence centre for global financial markets and investment banking services. UniCredit Markets & Investment Banking maintains one of largest networks of all investment banks on the European continent and combines placement power with in-depth structuring know-how in the major markets as well as in the fast growing European emerging markets.