VSMPO-AVISMA Corporation (VSMPO, the Company), one of the world’s largest titanium producers, has signed the English law-governed unsecured Club Term Loan Facility amounting up to US$400 million with a number of international banks.

The deal enjoyed a sizeable oversubscription and marked a new relationship level with the Company’s core partner banks. The interest rate is LIBOR plus 165 bps with a 5 year loan maturity. The loan will be used for refinancing of VSMPO’s existing loans and general corporate purposes.

Mandated Lead Arrangers and Bookrunners are Crédit Agricole Corporate and Investment Bank, Banca Intesa, Intesa Sanpaolo Bank Luxembourg S.A., UniCredit, joined by Societe Generale as Mandated Lead Arranger and Bank Zenit, Bank ICBC (JSC) as Lead Arrangers. ING Bank N.V. acted as Facility Agent. UniCredit – as Documentation Agent.

Dmitry Muz, Director of Corporate Finance and IR, commented:

“In the current challenging situation, it is especially important for us that our partners showed readiness to cooperate with the Company.

Signing the club deal and recent international ratings assignment demonstrates our partners’ overall confidence in the Company’s strong market position despite difficult conditions.

We are grateful for our partners’ support and long-term trusting relationships and hope for further fruitful and mutually beneficial cooperation”.