News Column

Tatneft has repaid a credit facility for 550 million US Dollars

June 25, 2014

ENP Newswire - 25 June 2014

Release date- 24062014 - 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.

Forward-looking statements

This press-release contains statements about future events and expectations that are forward-looking in nature. Any statement in this press-release that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ.

JSC Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

Media Contact:

Valeeva Nuriya Zufarovna

Tel: +7 (8553) 37-37-51

Fax: +7 (8553) 37-30-45


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Source: ENP Newswire

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