Last checked at 14 Nov 2016 12:31
HMS Group IR Release MoscowNovember 14, 2016
HMS Hydraulic Machines & Systems Group plc (the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group raised Rub 2.9BN financing from Raiffeisenbank
Moscow, Russia – November 14, 2016 - HMS Group (LSE:HMSG) announces today that it has signed a number of credit agreements with Raiffeisenbank totalling 2.9 billion rubles.
HMS has refinanced its previously signed credit lines of 1.8 billion rubles at lower interest rates, with maturity in 2019.
Also, the Bank and the company have signed a new 5-year uncommitted loan facility with 3-year tranches in the amount of 1.1 billion rubles, with maturity in 2021. The credit line will be utilized for general corporate needs.
For more information, please, contact:
Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495) 730-6601 x 1318, or email: kelekhsaeva@hms.ru
Anna Obotnina, Head of Marketing communications, on telephone: +7 (495) 730-6601 x (600)3304, or email: obotnina@hms.ru
About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
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