OREANDA-NEWS. May 25, 2010. Alfa-Bank, along with BNP Paribas, ING Bank, RBS and RZB, has finalized the restructuring of Soyuzmetallresurs (SMR) Group’s loan portfolio. The restructuring was completed in April via a USD 122 mln four-year syndicated loan, reported the press-centre of Alfa-Bank.

The loan will help refinance SMR Group’s debt to Alfa-Bank and the syndicate of foreign creditors. It is secured by the Group’s capital assets.

Irina Provornova, Head of the Metallurgy & Mining Industry Relationship Department at Alfa-Bank, said, "The loan to SMR Group is proof that Alfa-Bank is committed to helping our clients overcome financial difficulties. We were pleased to be able to negotiate with creditors and the company to obtain mutually beneficial terms, enabling us to finalize the restructuring of Soyuzmetalloresurs Group’s loan portfolio. We believe that as a result of that restructuring, SMR will continue to perform strongly and achieve its financial goals".