LenSpetsSMU redeems second tranche of Raiffeisenbank credit line

07.08.2012

On Monday 7 August 2012, CJSC SSMO LenSpetsSMU redeemed the second tranche of its credit line with Raiffeisenbank for USD 1.58mn, ahead of schedule.

The credit line is being redeemed quarterly in equal installments with the first tranche being paid on May 4th, 2012. Following the redemption of the second tranche LenSpetsSMU’s credit line debt has decreased to USD 11.08mn.

REFERENCE

The renewable credit line with Raiffeisenbank for RUB 400mn was opened on 4 May 2011 (for the equivalent amount in USD). According to the credit facility agreement, CJSC SSMO LenSpetsSMU had drawn down a cash total of USD 14.24mn as of May 17th 2011.

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

(812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

(812) 349-38-40

Yana.Yashchenko@etalongroup.com