JSC Inter RAO UES IRAO Facility Agreement of INTER RAO Credit B.V.
JSC Inter RAO UES (IRAO) - Facility Agreement of INTER RAO Credit B.V. RNS Number : 2896S JSC Inter RAO UES 29 November 2012 Facility Agreement between INTER RAO Credit B.V. and Gazprombank Moscow, November 29, 2012 - Open Joint Stock Company "INTER RAO UES" ("INTER RAO UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144 A): IRAA), the largest diversified utilities holding in Russia, announces that on November 26, 2012 INTER RAO Credit B.V. ("Borrower"), a company controlled by INTER RAO UES, has entered into a Facility Agreement for a period until November 01, 2019 with Open Joint-Stock Company Gazprombank ("Gazprombank"), under which Gazprombank opened a credit line to the Borrower, and the Borrower shall repay the credit obtained under the credit facility, to pay interest and perform other obligations under the said Agreement. The debt limit under the foresaid Facility Agreement is 6,500,000,000 RUB (approx. £130,000,000), Transaction amount is 11,906,370,986 RUB (approx. £238,127,419), including interest for the credit line, which is 86.80% of the total assets of INTER RAO Credit B.V. The Facility Agreement as of November 26, 2012 is a major transaction for INTER RAO Credit B.V. and has been approved on November 16, 2012 by its Supervisory Board and its Sole Shareholder. INTER RAO UES has been informed on execution of the Facility Agreement on November 28, 2012. The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation. For further information, please contact INTER RAO UES: Irina Makarenko Head of Investor Relations +7 495 967-05-27 (ext. 2008) firstname.lastname@example.org Anton Nazarov Head of Public Relations +7 495 967-05-27 (ext. 2208) email@example.com Svetlana Chuchaeva Head of Corporate Relations +7 495 967-05-27 (ext.2081) firstname.lastname@example.org INTER RAO UES is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. INTER RAO UES Group owns and operates approximately 32,000 MW of installed power generating capacity. INTER RAO UES corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market. For further information see www.interrao.ru This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document. This information is provided by RNS The company news service from the London Stock Exchange END MSCBLBRTMBMTMBT -0- Nov/29/2012 07:03 GMT