Segezha Group signs Euro 383.6 M loan facility with Russian & international banks & European ECAs

(Lesprom, Moscow, 24 November 2016) Segezha Group signs a five-year Euro 383.6 million syndicated facility agreement potentially extendable up to 7-10 years through export credit financing to be provided with insurance coverage from European export credit agencies. ING BANK (EURASIA) JSC, ING Bank N.V. Dublin Branch, AO Raiffeisenbank, Raiffeisen Bank International AG and Sberbank acted as mandated lead arrangers and lenders. The funds will be used to finance Segezha Group investment programme, which includes long-term projects such as an overhaul of Segezha pulp & paper mills and construction of a new plywood factory in Kirov, Russia, as well as general corporate needs. Segezha Group is one of Russia's largest vertically integrated forest holding companies that performs a full cycle of logging and advanced wood processing operations.