OREANDA-NEWS. September 07, 2009. SCM has repaid the amount of US86,5m as the next instalment and interest payment of secured loan, reported the press-centre of SCM. 

The payment has been made in full and on time according to the credit facility agreement terms.
As of today SCM has repaid major part of the loan and have to pay less than USD 150m till the middle of 2011.

This 4-year US545m syndicated loan was received in March 2007 and was arranged by BNP Paribas (Suisse) (the sole book runner) and Bayerische Hypo-und Vereinsbank AG (UniСredit Group), NATIXIS, Raiffeisen Zentralbank Osterreich AG and Standard Bank plc (as mandated lead arrangers).

"Even now, under the challenging financial and economic conditions, SCM remains a stable and reliable partner", said Oleg Popov, CEO of SCM. "Once again we have proved to our investors that we always meet our undertakings in full and on time and we highly appreciate investor’s trust".