Sberbank has extended the current credit agreement with the company “Polymetal” in the amount of $400 million for 7 years, according to a press release from the Bank.
The original credit agreement in the amount of $400 million was signed with Sberbank in November 2013 and included a one-time refund of the entire amount of the loan in November 2018. The maturity of this loan is now extended for seven years until June 2024, preserving the basic conditions of the original agreement. The effective term of the loan taking into account the schedule of repayment is 5 years. Besides, “Polymetal” has signed with Sberbank the strategic cooperation agreement in the field of banking and related services.