/KASE, June 11, 2019/ – Kazakhmys Copper (Almaty), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release of June 10, 2019:
Kazakhmys Group as Producer and Guarantor, and Advaita Trade DMCC (hereinafter
referred to as Advaita) as the Borrower and Off-taker, signed an Agreement with
an international alliance comprised of Credit Suisse AG and Societe Generale,
raising prepayment-type financing in the amount of USD 225M at the rate of
1-month LIBOR + 255 bps. Parties of the Agreement can further extend the amount
of financing up to USD 500M.
For Kazakhmys Group, it is the landmark financing deal within the Group’s
strategy of entering international markets and extending the boundaries of its
business through diversification of financing sources and obtaining stable
access to international debt capital markets. While securing long-term supply of
copper products for Advaita, an international trader, and confirming Advaita’s
positions as a reliable partner, Kazakhmys Group continues to strengthen its
market positions as one of major copper producers.
Kazakhmys was advised by Whitecliff Investment Management, Advaita - by
Reed Smith, and Credit Suisse AG - by Latham & Watkins.
This information is available on –