OREANDA-NEWS. April 14, 2014. MMC Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of two bilateral 5-year unsecured facility agreements with UniCredit Bank and “Raiffeisenbank” for the amount of USD 400 million and USD 350 million correspondingly.

The funds will be partially used to refinance short term indebtedness and will enhance the Company’s medium term liquidity. Net Debt will remain unchanged.

“Despite strong financial position and solid cash reserves Norilsk Nickel continues optimizing its debt structure and repayment profile in accordance with the financial policy supporting the execution of the new Company’s strategy. These lines will extend the average debt maturity while the average cost of debt will decrease. The support and commitment of our relationship banks in the current turbulent market environment confirms our status of a first class reliable borrower with investment grade credit metrics.” – noted Sergey Malyshev, CFO of the Company.