Nyzhnyodniprovsk Pipe gets first tranche of Interpipe loan

15 January 2009

Nyzhnyodniprovsk Pipe (NITR) obtained the first EUR 50 mln tranche of a EUR 130 mln ten-year loan from parent Interpipe Ltd (Cyprus), Interfax reported yesterday. The tranche will be used to support the plant’s working capital. The agreement was signed on July 14, 2008.

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