OREANDA-NEWS. December 3, 2007. The European Bank for Reconstruction and Development signed a $100 million pre IPO and bond revolving credit facility for ZAO Investment Company Troika Dialog, the Company's press service reported.

The funds from the credit will be used by Troika Dialog to provide interim bridge financing to Troika Dialog clients that have decided to undertake but have not yet completed an initial public offering (IPO), pre IPO or public markets debt offering.

The credit will be a bilateral arrangement between EBRD and Troika Dialog with a term of 3 years. It represents Troika Dialog’s second significant step in establishing a credit profile following Troika Dialog’s successful debut international $180 million syndicated term loan facility signed in July 2007.

"The EBRD credit is a highly important development for us because it opens up even greater opportunities for us to work with our clients and help them reach out to Russia’s capital markets, raise money and continue their development," commented Ruben Vardanian, Chairman of the Board and CEO Troika Dialog Group. "The credit is also a vote of confidence in Troika’s business model and future prospects."