Last checked at 2 Aug 2013 07:14
X5 RETAIL GROUP announces 15 billion ROuble club facility
Amsterdam, 2 August 2013 - X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer (LSE ticker: "FIVE"), announced today that that the Company has signed a new club facility with a total amount of Russian Rouble (RUR) 15.0 billion. The proceeds will be used to refinance the existing RUR 12.35 billion club facility, which was put in place in 2010 and is due to mature in September 2013, as well as other short-term loans.
The new club facility is unsecured and consists of two tranches, one for RUR 9.7 billion with a three-year tenor and rate of MosPrime plus 2.50% and another for RUR 5.3 billion with a five-year tenor and rate of MosPrime plus 2.75%.
UniCredit Bank acted as sole Coordinator and facility agent on behalf of X5.
The following international banks participated as Mandated Lead Arrangers: ING BANK eurasia zao, JOINT STOCK COMMERCIAL BANK "ROSBANK" (OPEN JOINT-STOCK COMPANY), zao RAIFFEISENBANK, UNICREDIT BANK AG, LONDON BRANCH, UNICREDIT BANK AUSTRIA AG AND ZAO UNICREDIT BANK.
Contacts: | |
Gregory Madick Executive IR Director Tel.: +7 (495) 502-9783 e-mail: Gregory.Madick@x5.ru | Vladimir Rusanov Head of PR Department Tel.: +7 (495) 662-8888, ext. 31-328 e-mail: Vladimir.Rusanov@x5.ru |
Note to Editors:
X5 Retail Group N.V. (LSE: FIVE, Moody's - "B2", S&P - "B+") is a leading Russian retailer. The Company operates several retail formats: the soft discounter chain under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand, the online retail channel under the E5.ru brand and convenience stores under various brands.
At 30 June 2013, X5 had 4,031 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 3,419 soft discounter stores, 378 supermarkets, 79 hypermarkets and 155 convenience stores. The Company operates 29 DCs and 1,865 Company-owned trucks across the Russian Federation. At 30 June 2013, the number of X5 employees totaled 109 thousand.
For the full year 2012, net sales totaled USD 15,795 mln, EBITDA reached USD 1,124 mln, and net loss amounted to USD 126 mln. For the first quarter 2013, net sales totaled USD 4,160 mln, EBITDA reached USD 284 mln and net profit amounted to USD 65 mln.
X5's Shareholder structure is as follows: Alfa Group - 47.86%, founders of Pyaterochka - 16.35%, X5 Directors - 0.02%, treasury shares - 0.06%, free float - 35.71%.