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28.12.2005 LUKOIL refinances $2 bln loan

28.12.2005 
LUKOIL refinances $2 bln loan  

LUKOIL REFINANCES $1.93 BILLION BRIDGE LOAN WITH A 3 YEAR SYNDICATED TERM LOAN
 
OAO LUKOIL ("LUKOIL"), acting through its wholly owned subsidiary, LUKOIL Finance Limited (Gibraltar), has signed a 3-year Syndicated Term Loan Facility for US$ 1.93 billion ("Facility") to refinance the bridge loan obtained for the acquisition of former Nelson Resources Limited of Bermuda. Citigroup, ABN AMRO Bank, BNP Paribas, Sumitomo Mitsui Banking Corporation acted as Mandated Lead Arrangers. The loan was extended on an unsecured basis and was priced at LIBOR plus 0.7% p.a.
OAO LUKOIL provided a corporate guarantee on behalf of LUKOIL Finance Limited (Gibraltar).
The transaction was approved at LUKOIL Board of Directors and Management Board level.