Russian Pipeline Supplier Secures $168M Loan From EBRD

Law360, New York (February 26, 2014, 3:34 PM EST) -- The European Bank for Reconstruction and Development will assist a Russian pipeline valve manufacturer with a €123 million loan (US$168 million) for work on new and existing facilities, the bank said Wednesday.

The Russian company, Oil and Gas Systems, will use the money to finish building a hot press stamping plant near the town of Sukhodol and revamp a foundry shop, it said. EBRD will provide €73 million in Class A eight-year loans while Nordea Bank will provide €50 million as a seven-and-a-half-year syndicated B loan....
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