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ALROSA Repaid $370 Mln. Bank Loan

Moscow: On 14 December, 2016 ALROSA repaid a $370 mln bank loan to JSC UniCredit Bank received in April 2014.

The bank loan was repaid with cash from operations, thus reducing debt down to $2.3 bn.

"As part of the consistent implementation of the balanced strategy of liquidity management and deleveraging, we repaid bank loan from JSC UniCredit Bank ahead of schedule. Early debt repayment became possible due to increased FCF, which is related to main products sales recovery in 2016", - commented Igor Kulichik, CFO and Vice President of ALROSA.

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