The Board of Directors « Gazprom Neft” has approved the involvement of non-renewable three five-year credit lines With a total limit 35 billion rubles., the company said. It is the opening of two lines of credit with a limit of 12.5 billion rubles. each and one with a limit of 10 billion rubles. The funds will be used to finance general corporate purposes, loans to subsidiaries and the payment of customs duties.
Previous « “and Agricultural Bank agreed to open and unsecured non-revolving credit line in the amount of 30 billion rubles. Funds will be available for two years, the loan repayment term ?? 5 years. Funding will be allocated for general corporate purposes, including for the implementation of the investment program of the oil company in 2015.
In the first half net debt / EBITDA « Gazprom Neft” has increased by 46% ?? to 0,64.
As reported, « Gazprom Neft” hit the list of companies with respect to which expanded EU sanctions and the United States. According sanctions « Gazprom Neft” will not be able to obtain loans in the American and European markets.
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