Home | Projects |

Acron Corporate Loan

Russia | Materials

Identification Code:: OP/14/0049
Total Operation Cost:: 525.000.000 USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

40.000.000 USD – 27 Mar 2015
: BSTDB Signed Amount – Signed Date

40.000.000 USD – 17 Apr 2015
: Status:
Completed
Description and Purpose of the Operation:: An USD 525 million Syndicated Structured Pre-Export Facility to JSC Acron, Russia. The proposed syndicated financing facility will be used towards repaying an existing bridge facility of USD 400m and to finance the capital expenditure requirements or working capital of the Borrower or repaying other financial indebtedness of the Borrower.
Countries of Operation:: Russia (100,00%)
Financial Product:: Loans
Sector:: Materials
Domain:: Private
Borrower/Client:: Joint Stock Company Acron, Russia.
Co-Financers/Participants:: Societe Generale and JSC Rosbank Original Coordinating Mandated Lead Arrangers, Bank of China, AO Unicredit Bank and HSBC Bank plc Mandated Lead Arrangers International Investment Bank Lead Arranger
Guarantors/Sponsors:: Agronova Europe A.G., Switzerland
Developmental and Regional Cooperation Impact:: The Strategy for Russia asks the Bank to consider undertaking activities and providing services as may advance its purpose, paying special attention to activities promoting export of goods and services, and development of infrastructure, including energy efficiency. Acron is a vertical integrated, low cost producer with a focus on energy efficiency. Also, it is a worldwide exporter with sales in 65 countries and a London Stock Exchange listed transparent economic entity with sound corporate governance and management. By supporting Acron the Bank supports the objective of Russia to diversify the economic base of the country and to reduce dependence on raw materials and commodities while developing manufacturing and other high value added activities.
Environmental Classification and Impact:: Screened as Category B+. The E&S assessment report has been distributed by Memo 2015/0089.
Operation Leader:: General Industries, Transport, Tourism 1
E-mail:: gitt1@bstdb.org