RusHydro has signed a loan agreement with VTB Bank
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has signed a 5-year loan agreement in the amount of RUB 30 bn with VTB Bank.
The agreement allows RusHydro to secure credit facilities in the shortest period of time on the best possible terms in case the Company requires credit resources and provided that VTB Bank offers the most favorable financing.
The facility may be used to finance the Company’s current operating and investment activities.
VTB Bank and its subsidiaries are known as VTB Group, a leading financial group of Russia, offering a comprehensive range of services to clients in Russia, CIS, Europe, Asia, Africa, and the U.S. The Russian government is a major shareholder of VTB Bank.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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