OREANDA-NEWS. November 26, 2010. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that it has entered into a facilities agreement with UniCredit Bank AG and ZAO UniCredit Bank (together "UniCredit") as Mandated Lead Arrangers for the total amount of USD200 million (the "Agreement"), reported the press-centre of Polymetal.

The funds to be drawn under the Agreement will be used to repay the Company's existing loans and finance ongoing operations of its subsidiaries, and will be repaid in equal quarterly installments following a grace period of 2 years. The average interest rate applicable to each three-month interest period will be the sum of the three-month LIBOR in US Dollars and a margin of 3.5% per annum. The final maturity date of the Agreement is November 19, 2015.

"This agreement represents yet another result of our dedicated work aimed at decreasing the cost and extending the duration of our credit portfolio," said Vitaly Nesis, CEO of Polymetal.

"We will continue this work together with UniCredit, our long-term partner, as well as with our other key relationship banks."