UniCredit Bank Acted as Mandated Lead Arranger for SUEK
OREANDA-NEWS. September 21, 2010. We are pleased to advise you that ZAO UniCredit Bank (
Banks' support of the facility was very strong at the Senior Stage with 12 banks committing a total USD 1.2 bln. At close of Senior Stage the Facility was signed at USD 700 mln.
The transaction is structured as a pre-export syndicated loan facility with a term of 5 years and pays an initial margin of 3.25 % p.a. above LIBOR.
The proceeds of the Facility will be used primarily for refinancing of existing debt and also for financing of general working capital needs.
ING Bank N.V. and SG Group acted as the Coordinating MLAs while Citi acted as the Communication Agent.
Besides ZAO UniCredit Bank, a number of reputable international banks joined the Facility at Senior Stage.
General Stage of syndication is expected to be launched shortly and during this stage the facility amount may be increased up to USD 900 mln.
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