BasEl’s SMR inks $122 million loan deal to refinance debt
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 01.03.2010 |
MOSCOW, Mar 1 (PRIME-TASS) -- SMR, or Soyuzmetallresurs, which is controlled by Russian holding Basic Element, or BasEl, has signed a U.S. $122 million loan agreement to fully refinance its debt, the company said Monday.
The loan was provided by BNP Paribas, ING, Raiffesen, Royal Bank of Scotland and Alfa Bank for a period of four years.
SMR owns two major operation facilities in Russia - the Zhireken Mining & Processing Integrated Works in the Chita Region and the Sorsk Mining & Processing Integrated Works LLC in the constituent republic of Khakasia.
Established in 1997, Basic Element is a multi-industry Russian holding controlled by Oleg Deripaska.
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