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AFK Sistema Capital/Financing Update 2019
6429_rns_2019-06-17_4fdcbdd1-813e-4d68-823e-4ac09bac7330.html
Capital/Financing Update
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Sistema PJSFC (SSA)
Sistema PJSFC: Sistema attracts unsecured loan from VTB Bank (PJSC)
17-Jun-2019 / 10:44 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Sistema attracts unsecured loan from VTB Bank (PJSC)
Moscow, Russia - 17 June 2019 - Sistema PJSFC ("Sistema", "the Company") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces confirmation of a credit limit of RUB 17 billion under a three-year unsecured line of credit with VTB Bank (PJSC) ("VTB") and that the Company has drawn down RUB 6 billion under this facility. The funds will be used to refinance the Company's existing debt portfolio.
Vladimir Travkov, Sistema Vice President and Chief Financial Officer, said: "Confirmation of the credit limit under the unsecured facility with VTB reflects our focus on further diversifying our debt portfolio and increasing its duration."
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Sistema is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31 December 2018. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com
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For further information, please visit www.sistema.com or contact:
| Investor Relations Nikolai Minashin Tel: +7 (495) 730 66 00 [email protected] |
Public Relations Sergey Kopytov Tel.: +7 (495) 228 15 32 [email protected] |
| ISIN: | US48122U2042 |
| Category Code: | MSCH |
| TIDM: | SSA |
| LEI Code: | 213800JSZ2UUK4QQK694 |
| Sequence No.: | 10374 |
| EQS News ID: | 825471 |
| End of Announcement | EQS News Service |