VimpelCom has completed two committed revolving credit facilities with a combined value of nearly US$1bn, the company said.
The first facility of approximately US$500m was made for VimpelCom Amsterdam B.V., and a separate committed revolving credit…
VimpelCom has completed two committed revolving credit facilities with a combined value of nearly US$1bn, the company said.
The first facility of approximately US$500m was made for VimpelCom Amsterdam B.V., and a separate committed revolving credit facility of approximately US$ 475m was made for OJSC VimpelCom.
The company reiterated that the credit facilities are in line with the overall company strategy as they provide Vimpelcom with increased flexibility in managing its cash levels. The facilities will be used for general corporate purposes.
The three years credit facility for VimpelCom Amsterdam B.V. is committed by ten relationship banks. This facility is composed of US$225m and €205m and is guaranteed by OJSC VimpelCom and VimpelCom Holdings B.V.
The company also completed a three years RUR15bn (US$475m) revolving credit facility for OJSC VimpelCom with Sberbank.
