Oschadbank provided Vioil with two long-term credit facilities for USD 66 M total

Oscahdbank provided Vioil with two long-term credit facilities for USD 66 M total
Vioil signed with JSC “Oschadbank” agreements regarding the providing of two long-term credit lines with total limit of USD 66 M for 5 and 3 years respectively. Mentioned credit lines will be used for the refinancing of current indebtedness and replenishment of the working capital. Signing of the agreement with “Oschadbank” is the next ambitious project implemented by Vioil team in 2017, which allowed to supply the Group with credit resources in the medium term and finished the optimization of loan portfolio.