Sberbank CIB arranged financing for RusHydro in the amount of RUB 40 bn
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Sberbank CIB has arranged an 11-year revolving credit facility in the amount of RUB 40 bn for RusHydro. The General agreement has been signed on September 11, 2015.
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 the Bank offers the most favorable financing. The facility may be used to finance the Company’s current operating and investment activities.
Sergey Kirov, Management Board member, Deputy General Director of RusHydro, commented: “RusHydro is focused on cooperation with the leading Russian banks and has reasonable financial policy. Credit facility arranged by Sberbank is a part of this strategy. The Company and Sberbank have already executed several successful transactions. I am sure that in cooperation with our reliable financial partner RusHydro will implement a number of major projects.”
“Funding of power companies is one of our priorities,” said Oleg Ganeev, Deputy Chairman of Sberbank’s Executive Board, Head of Sberbank CIB. “Sberbank CIB and RusHydro have developed a long and mutually beneficial cooperation and we highly value the trust between our companies. This transaction will strengthen our positions in power sector as well as enable RusHydro to achieve its business objectives.”
 The credit facility is provided by PJSC Sberbank of Russia.
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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