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, announces today that is has secured a 5-year loan facility of Rub 1.83 billion from Sberbank, the largest bank in Russia and the CIS.

The credit will be utilized to refinance the existing loan with repayment in 2015. Though the new debt was arranged for a longer period, it has more attractive interest rates.

Therefore, within a month HMS Group signed agreements for refinancing of Rub 4.58 billion, including previously secured Rub 2.75 billion. As a result, this will lead to more comfortable and smooth debt repayment schedule.

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. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.