Russia: ChelPipe signs credit lines with 3 banks
Chelyabinsk Pipe Plant has signed a loan agreement with Sberbank, VTB Bank and Gazprombank amounting to 80 billion rubles. The maturity of the loans is up to 7 years. The funds will be spent on refinancing the current debt under the syndicated loan obtained from 13 banks in 2012. This will facilitate an early repayment…