LenSpetsSMU made drawdown under signed credit line with OJSC Promsvyazbank

11.09.2014

On 10 September 2014, CJSC SSMO LenSpetsSMU made first drawdown under credit line, opened by OJSC Promsvyazbank, totaling RUB 250 mn.

REFERENCE

OJSC Promsvyazbank and CJSC SSMO LenSpetsSMU (a member of EtalonGroup) in August 2014 signed an agreement to open a credit line totaling RUB 1 bn and with a repayment schedule within 4 years. Each tranche can be received by the CJSC SSMO LenSpetsSMU in rubles to replenish the company's working capital.

During the cooperation, it is the first agreement to open a credit line, formerly OJSC Promsvyazbank was one of the arrangers of three bond issues of CJSC SSMO LenSpetsSMU.

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

+7 (812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com