3 Jun 2008 18:18
03 June 2008 PRESS RELEASE
TMK Raises Syndicated Facility
The facility agreement was signed on 30 May 2008.
Mandated Lead Arrangers:
• ABN AMRO Bank N.V.
• The Bank of Tokyo-Mitsubishi UFJ, Ltd
• Barclays Capital
• BNP Paribas
• ING Wholesale Banking
• Natixis
• Sumitomo Mitsui Banking Corporation
• Nomura International plc
The term of the facility is 12 months with a 3 month extension option. This Syndicated Facility is secured by TMK subsidiaries - Volzhsky Pipe Plant, Seversky Tube Works, Sinarsky Pipe Plant and Taganrog Metallurgical Works.
The interest rate of the Syndicated Facility is the aggregate of LIBOR and a step-up margin, which increases during the lifetime of the Facility.
ТМК (www.tmk-group.com)
Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders.
In 2007, TMK shipped over 3 million tonnes of pipes. TMK supplies to companies in more than 60 countries.
TMK production facilities are located in Russia and Romania:
Volzhsky Pipe Plant
Seversky Tube Works
Taganrog Metallurgical Works
Sinarsky Pipe Plant
SC TMK-Resita SA
SC TMK-ARTROM SA
TMK Oilfield Services
For further information please contact:
TMK PR Department: TMK IR Department
Alexey Sotskov Alexei Ratnikov
Tel: +7 495 775 7600 ext. 2125 Tel: +7 495 775 7600 ext. 2078
Email: PR@tmk-group.com Email: IR@tmk-group.com
www.tmk-group.com