OREANDA-NEWS. HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as a provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS, today announced that is has secured 3 loan facilities of Rub 2.75 billion in total, arranged by Sberbank, the largest bank in Russia and the CIS.

All attracted 3-year loans refinance the existing revolving credit lines, and won’t affect the company’s leverage. Furthermore, this will lead to more comfortable debt repayment schedule.

Mr. Kirill Molchanov, HMS’ Co-founder and Chief Financial officer, commented,

“I’m pleased that we secured these facilities under favorable terms, reflecting the strong performance of the company and the positive view of Sberbank on prospects of our business. These lines will be used to finance operational activities of the Group”.

The HMS Group is the leading pump and compressor manufacturer, as well as a provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are key elements of projects in a diverse range of basic industries. The Group reported revenues of Rub 7.3 billion, adjusted EBITDA of Rub 854 million and profit for the period of Rub 26 million for the 3 months ended March 31, 2013. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.