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The loan was fully underwritten and funded by VTB Bank Europe plc, which acted as sole mandated arranger and bookrunner for the facility. VTB Bank Europe plc is also the facility agent and security trustee; JSC VTB Bank is Passport Bank.
The following banks joined the facility as Lead Arrangers:
The facility has a tenor of 5 years and is secured by assignment of proceeds under export contracts with foreign buyers.
Red October is located on Volgograd, Russia and is one of Russia`s leading specialist steel producers. Red October was acquired by Russpetstal in March 2007.Press office firstname.lastname@example.org Head of Press Natalia Cherepova Natalia.Cherepova@vtbcapital.com
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