OREANDA-NEWS. DIXY Group (MOEX: DIXY) - one of Russia's leading retailers of foods and everyday products -today announced the finalization of debt refinancing.

DIXY Group's total debt portfolio was RUR 27.9 billion, as of December 1, 2014. The debt portfolio is nominated in Russian rubles. The debt matures in 2017 - 2018 years. The interest rate on debt portfolio is fixed, and the weighted average rate on the portfolio amounts to 11.8%.

OJSC DIXY Group (MOEX: DIXY) is one of Russia's leading retailers of foods and everyday products.

The first DIXY store was opened in Moscow in 1999, and after that the Company has been experiencing the period of the intensive organic development, followed by the major acquisition of Victoria Group in June 2011.

As of November 30, 2014, the Company operated 2,127 stores, including 2,000 DIXY neighborhood stores, 92 Victoria stores, 1 CASH store, and 34 compact hypermarkets MegaMart and MiniMart.

The Company operates in Central, Northwest, Volga and Urals federal districts of Russia, and in Kaliningrad and Kaliningrad region.

As of November 30, 2014, the Company had a total of 724,201 square meters of selling space.

The Company is the third largest national food retailer by revenue, selling area, and number of stores. The Company employs over 40,000 people.

In May 2007, the Company raised USD 360 mln in its IPO on the RTS and MICEX. A controlling stake of 54.4% in OJSC DIXY Group is owned by Mercury Group of Companies, a diversified holding company.

In 2013, the Company's total revenue amounted to RUR 180 bln (USD 5.7 bln).

The Russian business magazine Expert rates DIXY Group as one of the Top-100 largest Russian companies.