Ukrainian industrial company INTERPIPE signed an agreement with JSB Ukrgasbank on signing a General Loan Agreement for the amount of financing EUR 37 million.
The General Agreement provides for an amortized loan in the amount of EUR 30 million for a period of 5 years and a revolving credit line in the amount of EUR 7 million for a period of 3 years.
Denis Morozov, Director for Finance and Economics, Interpipe:
- Interpipe attracted the first loan after the completion of debt restructuring in October 2019. The loan is attracted within the framework of the implementation of the Company's strategic goals and allows to reduce the interest burden on the company. We are especially pleased that a credit line for a Ukrainian industrial company has been opened at the Ukrainian state bank Ukrgasbank, which is known as an ecobank, which provides loans to many environmental projects. We plan to expand cooperation in other areas as well.
About the company:
Interpipe is a Ukrainian industrial company, manufacturer of seamless pipes and railway wheels. The company's products are supplied to more than 80 countries of the world through a network of sales offices located in key markets of the CIS, the Middle East, North America and Europe. In 2019, Interpipe sold 798 thousand tons of finished products, including 203 thousand tons of railway products. Railway products are sold under the KLW brand.