OREANDA-NEWS. HMS Group (LSE: HMSG) announces today that it has signed a number of credit agreements with Raiffeisenbank totalling 2.9 billion rubles.

HMS has refinanced its previously signed credit lines of 1.8 billion rubles at lower interest rates, with maturity in 2019.

Also, the Bank and the company have signed a new 5-year uncommitted loan facility with 3-year tranches in the amount of 1.1 billion rubles, with maturity in 2021. The credit line will be utilized for general corporate needs.

HMS Group (LSE: HMSG) is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, providing pumps, oil & gas equipment and compressors.