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Syndicated loan: Chelpipe, 12.2017 (150 mln)
Loan information
| Loan | Chelpipe, 12.2017 |
| Country | Russia |
| Status | Granted |
| Type of placement | Syndication |
| Amount | EUR 150,000,000 |
| Calculated USD Equivalent | USD 177,554,967 |
| Margin | *** |
| Signing date | December 2017 |
| Tenor | *** |
| Maturity date | *** |
| Mandated lead arrangers (MLAs) | *** |
| Purpose of loan | Refinancing |
| Purpose of loan | The proceeds of the loan will be used for refinancing of Chelpipe Group loan portfolio. |
| Club loan | Yes |
| Multicurrency loan | Yes |
| Type of loan | Non-revolving credit |
| Additional information | The financing was structured as a dual-currency term loan facility for EUR 65,000,000 and USD 35,000,000. The Facility pays a margin of 190bps over EURIBOR and 210bps over LIBOR. Accordion option embedded into loan documentation allows for an increase for additional EUR 10,000,000 and USD 40,000,000 which can be provided by existing lenders as well as new participants joining during further syndication. Pricing for accordion may differ from initial level and will be set by Chelpipe Group and lenders participating in it. |
| Investment banks | *** |
Registration required. Please log in or fill in the registration form.
Syndicated loans
| Loans | Volume, mln | Status |
|---|---|---|
| Chelpipe, 12.2017 | 150 EUR | Granted |
| Chelpipe, 02.2013 | 1,650 USD | Granted |
| Chelpipe, 1, 5.2007 | 145 EUR | Redeemed |
| Chelpipe, B, 3.2005 | 95 USD | Redeemed |
| Chelpipe, A, 3.2005 | 95 USD | Redeemed |
Issuer
| Issuer | |
| Full issuer name | |
| Region | CIS |
| Country | Russia |
| Country of registration | Russia |
| Website | |
| Other issues of the issuer (including issues by affiliated companies ) | |
| Issuer profile | Joint Stock Company Chelyabinsk Tube-Rolling Plant («ChelPipe») is a leading Russian producer of welded and seamless steel tubes & pipes for the Russian oil & gas industry and a variety of other indus... |
| Industry | Ferrous metals |
Issuer ratings:
| Rating Agency | Rating | Rating scale | Date |
|---|---|---|---|
| *** | LT- foreign currency | *** | |
| *** | LT- local currency | *** | |
| *** | LT Int. Scale (foreign curr.) | *** | |
| *** | National Scale (Russia) | *** | |
| *** | National Scale (Russia) | *** | |
| *** | Credit Ratings of Non-financial Companies | *** | |
| *** | National Scale (Russia) | *** | |
| *** | National scale (Russia) | *** | |
| Registration required. Please log in or fill in the registration form. | |||
Issuer's news:
| 12/04/2017 | |
| 06/14/2017 | |
| 06/06/2017 | |
| 03/21/2017 | |
| 03/16/2017 |
