Ru En

USD 400 million Bridge Club Term Loan Facility

 Acron Group has secured a 6+6-month USD 400 million Bridge Term Loan Facility via a club of relationship banks. ZAO Raiffeisenbank and "Rosbank" (OJSC JSCB) coordinated the deal. The lenders are ZAO Raiffeisenbank, "Rosbank" (OJSC JSCB), OJSC Nordea Bank, "ING BANK (EURASIA) ZAO" (Closed Joint Stock Company) and ICBC MOSCOW. ZAO Raiffeisenbank acted as Facility Agent and Documentation Agent for the facility. The facility agreement is governed by Russian law and is dated 28 April 2014. The loan is structured as an unsecured bridge loan to the pre-export finance facility to be backed by deliveries of export commodities. The club loan was well perceived by the market and raised commitments significantly exceeding the targeted amount, while Acron decided to retain initially targeted amount intact.