Edition:
United States

Petropavlovsk Announces Proposed IRC Loan Refinancing Transaction


Monday, 24 Sep 2018 02:01am EDT 

Sept 24 (Reuters) - Petropavlovsk PLC ::SAYS IRC AND COMPANY HAVE BEEN ADVISED BY A LEADING RUSSIAN BANK THAT ITS CREDIT COMMITTEE HAS GRANTED APPROVAL FOR A NEW US$240 MILLION FACILITY.SAYS TOTAL AMOUNT BORROWED BY IRC FROM BANK WILL AMOUNT TO C.US$240 MILLION.SAYS FULL RELEASE OF PETROPAVLOVSK'S OBLIGATIONS AS A GUARANTOR OF IRC'S BORROWINGS WILL HAPPEN IN STAGES.SAYS FULL DECREASE TO 0% WILL BE ACHIEVED BEFORE END OF 2020. 

Company Quote

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15 Jul 2019