Russia’s Eurobearing gets $170m EBRD loan

Russian ball bearings maker Eurobearing is to raise up to $170m via a European Bank for Reconstruction and Development ‘A/B’ loan.

  • 20 Jul 2010

Eurobearing, which has not tapped the loan market before, will use the deal to refinance all its existing debt and extend its maturities.

The EBRD is lending $30m under a six year ‘A’ tranche. Six commercial banks have committed $100m under a four year ‘B’ piece that pays a ...

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