HMS Group raised Rub 800M financing from UniCredit Bank

HMS Group (LSE: HMSG) announces today that it has signed a credit agreement with UniCredit Bank totalling 800 million rubles. The Bank and the company have signed a new 3-year loan facility with maturity in 2020. The credit line will be utilized for general corporate needs, including refinancing at lower interest rates its previously signed credit lines.

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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. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.