News Column

Russian Federation : Tatneft has repaid a credit facility for 550 million US Dollars

June 25, 2014

On 24 June 2014 JSC Tatneft made a bullet repayment of a credit facility for 550 million US Dollars arranged in 2011 from a club of international banks. The credit facility was repaid upon its maturity, in accordance with the terms of the credit facility agreement. The company used its own funds to repay the credit facility.

At the moment Tatneft's debt level has been decreased to a minimum, allowing the company to consider various options for financing its working capital and investment program.

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Source: TendersInfo (India)

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