OREANDA-NEWS. December 29, 2012. HMS Group (LSE: HMSG) has obtained a 7-year unsecured loan of EUR 26 million (around RUB 1.05 billion) with a 3-year grace period and a fixed interest rate. The deal was prepared by the joint team of Sberbank CIB and the Western-Siberian Bank of OJSC Sberbank of Russia. Sberbank CIB structured the deal.

The loan will be used to replace the Group’s outstanding 2-year bridge loan, raised in August 2012 for the acquisition of Apollo Goessnitz (GmbH), German manufacturer of specialized pumps. This will lead to longer maturity of the outstanding debt and make the repayment schedule more comfortable.

“The HMS Group is a partner of the Bank. We are pleased that this credit line will enable HMS Group to structure its debt portfolio in accordance with its strategic view for developing its business and effectively integrate its foreign acquisition into the Group,” commented Yevgeny Kozerenko, the Chairman of the Western-Siberian Bank of OJSC Sberbank of Russia.