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#VSMPO-AVISMA Corporation Signs up to US$400 Million 5-year Club Loan

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April 27 2021

Verkhnaya Salda, April 27, 2021 – VSMPO-AVISMA Corporation (VSMPO, the Company), one of the world’s largest titanium producers, has signed the English law-governed unsecured Club Term Loan Facility amounting up to US$400 million with a number of international banks.

The deal enjoyed a sizeable oversubscription and marked a new relationship level with the Company’s core partner banks. The interest rate is LIBOR plus 165 bps with a 5 year loan maturity. The loan will be used for refinancing of VSMPO’s existing loans and general corporate purposes.

Mandated Lead Arrangers and Bookrunners are Crédit Agricole Corporate and Investment Bank, Banca Intesa, Intesa Sanpaolo Bank Luxembourg S.A., UniCredit, joined by Societe Generale as Mandated Lead Arranger and Bank Zenit, Bank ICBC (JSC) as Lead Arrangers. ING Bank N.V. acted as Facility Agent. UniCredit – as Documentation Agent.

Dmitry Muz, Director of Corporate Finance and IR, commented:

“In the current challenging situation, it is especially important for us that our partners showed readiness to cooperate with the Company.

Signing the club deal and recent international ratings assignment demonstrates our partners’ overall confidence in the Company’s strong market position despite difficult conditions.

We are grateful for our partners’ support and long-term trusting relationships and hope for further fruitful and mutually beneficial cooperation”.

 

ABOUT VSMPO-AVISMA CORPORATION

Public Stock Company VSMPO-AVISMA Corporation is a world’s largest vertically integrated manufacturer of titanium and titanium alloy products. The Corporation also produces aluminum alloy extrusions, steel alloy and nickel-based heat-resistant alloy semi-finished products. VSMPO-AVISMA Corporation is a leader in the global market for high-tech titanium products, is deeply integrated into the global aerospace industry and is a major strategic supplier of titanium products for many companies. Products manufactured by VSMPO-AVISMA Corporation are widely used in power engineering, petrochemical industry, shipbuilding, medicine and civil engineering. The Corporation enjoys business relationships with more than 450 companies, including the world’s leading aircraft manufacturers, in 50 countries worldwide.   

 

 

VSMPO-AVISMA Corporation 

Press Center contacts: 

Tel.: +7 (34345)6-00-98

pressa@vsmpo-avisma.ru

VSMPO-AVISMA Corporation 

Corporate Finance and Investor Relations:

Tel.: +7 (34345)6-21-51

d.muz@vsmpo-avisma.ru

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