On 12 March 2018 SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s export revenues and will be used for refinancing as well as general corporate purposes. 18 financial institutions have participated in the syndicate.
Nikolay Pilipenko, SUEK CFO, commented on the loan agreement,
“We are very pleased with the outcome of this syndication. Many thanks to the members of the syndicate for their support. We will continue to pursue the Group’s strategy with full commitment to deliver on our financial, operational and sustainability goals”.