Nyzhnyodniprovsky Pipe Receives USD 135 mln from Interpipe Ltd.
8 August 2008
Interpipe reported that Nyzhnyodniprovsky Pipe (NITR: U/R) has obtained a three-year USD 135 mln loan at an 8.75% annual rate from Interpipe Ltd (Cyprus). Nyzhnyodniprovsky Pipe intends to use the proceeds for financing capital expenditure, working capital and for refinancing existing debt. Last month Interpipe Ltd issued a three-year USD 200 mln Eurobond with a coupon of 8.75%.
