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Syndicated loan: Siberian Anthracite, 1B, 09.2014 (100 mln)

Loan information

Loan	Siberian Anthracite, 1B, 09.2014
Country	Russia
Status	Granted
Type of placement	Syndication
Amount	USD 100,000,000
Margin	***
Signing date	September 2014
Tenor	***
Maturity date	***
Mandated lead arrangers (MLAs)	***
Purpose of loan	Refinancing
Purpose of loan	Refinancing of the existing PXF that was signed in 2011 as well as the Company’s working capital and CAPEX requirements
Type of loan	Term loan
Additional information	The facility comprises two 5-year tranches, the second of which becomes available one year after facility closing if the Borrower is compliant with certain operating milestones and financial covenants. The facility is structured as a typical pre-export finance transaction with repayment secured by the assignment of export contracts. Both tranches of the facility will start amortizing in a linear fashion after 24-month grace period.
Collateral and guarantees	Guarantor: Sibanthracite PLC
Investment banks	***

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Issuer	Siberian Anthracite
Full issuer name	JSC «Siberian Anthracite»
Region	CIS
Country	Russia
Country of registration	Russia
Website	http://www.sibanthracite.ru/
Issuer profile	“Siberian Anthracite” is one of the leading miners of Ultra High Grade (UHG) anthracite, with a long experience of independent exploration and development of coal deposits. The company mines, washes, ...
Industry	Mining industry