Acron & Raiffeisen agree $300m loan

摘要

RUSSIAN FERTILIZER group JSC Acron Tuesday reported it had signed a $300 million loan agreement with Raiffeisenbank and Raiffeisen Zentralbank Osterreich AG (RZB). The loan will be used to fund current activities as well as for refinancing of the company’s debt obligations, Acron said in a media statement. The loan carries an interest rate of LIBOR + 4.15%, and is repayable in 30 equal monthly installments after a grace period of seven months from the date of signing the loan agreement.