OREANDA-NEWS. November 03, 2011. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that it has entered into a USD 250 million revolving multicurrency credit facility agreement (the "Facility") with Alfa Bank, reported the press-centre of Polymetal.

The Facility provides the Company with additional flexibility to be able to draw down funds in a number of currencies, including US dollars, Euros, or Russian roubles to repay Polymetal Group's existing loans and to finance ongoing operations.

The amount, interest rate and duration of each tranche will be determined at the time of draw-down. Each tranche will have a maximum maturity of 36 months, or if sooner, September 15, 2016.  The Facility is not currently drawndown and the Company's net debt remains unchanged.