| | KOMISJA NADZORU FINANSOWEGO | |
| |
| | Raport bieżący nr | 39 | / | 2011 | |
| |
| | Data sporzÄ…dzenia: | 2011-12-30 | | | | | | | | | |
| | Skrócona nazwa emitenta | | | | | | | | | |
| | SADOVAYA GROUP S.A. | |
| | Temat | | | | | | | | | | |
| | LOAN AGREEMENT WITH EUROPEAN BANK FOR RECONSTRUCTION AND
DEVELOPMENT | |
| | Podstawa prawna | | | | | | | | |
| | Inne uregulowania
| |
| | Treść raportu: | | | | | | | | | |
| | Sadovaya Group S.A., a joint stock company under Luxembourg law, with registered office at
412F, route d’Esch, L-2086 Luxembourg, registered in the Luxembourg Register of
Companies under No. B 153.489, (the "Company"), hereby informs that
on 29 December 2011 the Board of Directors of Sadovaya Group SA approved the conclusion
of the loan agreement between its affiliate “Product Company Interdon" Limited Liability
Company and European Bank for Reconstruction and Development (EBRD) in the amount of
USD 36 mn (thirty six million US dollars) with the annual interest rate 6.5% over 3 months
Libor and with complete repayment over 7 years in order to finance the development of
Group’s waste coal reprocessing business.
On 30 December 2011 the Group subsidiary “Product Company Interdon" LLC entered into
the loan agreement with EBRD. First tranche in the amount of USD 18 mn is scheduled to be
available for drawdown in February 2012 and is subject to completion of security agreements
and other conditions precedent to financing.
The first stage of the project implies construction of two waste reprocessing facilities. The
first factory is to be put into operation in 2Q2012, the second - in 4Q2012. The proposed
project has a number of environmental and social benefits including: processing of waste
material, reduced emissions of greenhouse gases, smaller stockpiles with associated visual
landscaping improvements and social-economic benefits in terms of job creation and a local
economic stimulus.
For additional information regarding the project please follow the EBRD official project page
at http://www.ebrd.com/russian/pages/project/psd/2011/42621.shtml
Legal grounds: article 56.1 in connection with article 56.6 of the Act of 29 July 2005 on the
public offering, conditions governing the introduction of financial instruments to organised
trading system and on public companies. | |
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