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TMK Raises Syndicated Facility

03.06.2008

TMK, one of the world’s largest oil and gas pipe producers, today announces the signing of a syndicated bridge facility agreement of up to USD 1.2 billion to finance the acquisition of the US tubular companies and assets of IPSCO.

The facility agreement was signed on 30 May 2008.

Mandated Lead Arrangers:

• ABN AMRO Bank N.V.

• The Bank of Tokyo-Mitsubishi UFJ, Ltd

• Barclays Capital

• BNP Paribas

• ING Wholesale Banking

• Natixis

• Sumitomo Mitsui Banking Corporation

• Nomura International plc

The term of the facility is 12 months with a 3 month extension option. This Syndicated Facility is secured by TMK subsidiaries - Volzhsky Pipe Plant, Seversky Tube Works, Sinarsky Pipe Plant and Taganrog Metallurgical Works.

The interest rate of the Syndicated Facility is the aggregate of LIBOR and a step-up margin, which increases during the lifetime of the Facility.

 TMK Raises Syndicated Facility (55.57 Kb)



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