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2020-12-21
Interpipe raised a EUR 37 million financing from Ukrgasbank
The Ukrainian industrial company Interpipe has signed a General Loan Agreement with Ukrgasbank for the amount of EUR 37 million.
The General Loan Agreement provides:
Denis Morozov, Interpipe Chief Financial Officer:
Interpipe has raised its first loan after completing the debt restructuring in October 2019. It has been obtained as part of the implementation of the Company's strategic goals and allows reducing the interest burden for the Company. We are especially pleased that the financing for the Ukrainian industrial company has been secured at the Ukrainian state bank Ukrgasbank that is known as Ecobank and has been financing a wide range of environmental and green projects. We intend expanding our cooperation with the bank in other areas as well.
About the company:
Interpipe is global producer of steel pipes and railway wheels, based in Ukraine. The company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East. In 2019, Interpipe supplied 798 kt of finished goods, including 203 kt of railway products.
Interpipe has 11 thousand people working at the company’s facilities. During 2019 the Company transferred UAH 3.25bln in taxes to budgets of all levels and extra-budgetary funds.
Contacts for the mass media:
Andrey Pisarevskiy
Press Officer
Phone: +380 44 233 66 53
Cell: +380 67 952 17 62
Andrey.Pisarevskiy@m.interpipe.biz
www.interpipe.biz
The General Loan Agreement provides:
- An amortized loan totaling to EUR 30 million for a period of 5 years, and
- A revolving credit line of EUR 7 million for a period of 3 years.
Denis Morozov, Interpipe Chief Financial Officer:
Interpipe has raised its first loan after completing the debt restructuring in October 2019. It has been obtained as part of the implementation of the Company's strategic goals and allows reducing the interest burden for the Company. We are especially pleased that the financing for the Ukrainian industrial company has been secured at the Ukrainian state bank Ukrgasbank that is known as Ecobank and has been financing a wide range of environmental and green projects. We intend expanding our cooperation with the bank in other areas as well.
About the company:
Interpipe is global producer of steel pipes and railway wheels, based in Ukraine. The company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East. In 2019, Interpipe supplied 798 kt of finished goods, including 203 kt of railway products.
Interpipe has 11 thousand people working at the company’s facilities. During 2019 the Company transferred UAH 3.25bln in taxes to budgets of all levels and extra-budgetary funds.
Contacts for the mass media:
Andrey Pisarevskiy
Press Officer
Phone: +380 44 233 66 53
Cell: +380 67 952 17 62
Andrey.Pisarevskiy@m.interpipe.biz
www.interpipe.biz
