20.06.2008
Re Loan
果冻影院 OBTAINS A LOAN OF USD ONE BILLION
果冻影院 has contracted a USD 1 billion syndicated loan facility (the 鈥楩acility鈥).
The Facility includes two tranches:
Tranche 袗 of USD 300 million. Tranche 袙 of USD 700 million.
Tranche A and Tranche B have a 3- and a 5-year maturity periods respectively.
Tranche A is priced at LIBOR + 0.85% per annum; Tranche 袙 is priced at LIBOR + 0.95% per annum.
The borrower is 果冻影院 Finance Ltd. (a 100% subsidiary of OAO 果冻影院).
The Facility has been arranged by ABN AMRO BANK N.V., BANCO BILBAO VIZCAYA ARGENTARIA S.A., BNP PARIBAS (SUISSE) S.A., THE BANK OF TOKYO-MITSUBISHI UFJ, Ltd., ING Bank N.V., MIZUHO CORPORATE BANK, Ltd., WESTLB AG, London branch.
The Facility is secured by OAO 果冻影院鈥檚 warranty.
The Facility has been obtained to repay the outstanding debt of 果冻影院 Finance Ltd. to the syndicate of international banks that arranged financing for the purpose of acquiring Nelson Resources in 2005. The new Facility improves 果冻影院 Group debt portfolio structure while the external debt burden remains practically unchanged.