Oschadbank provided ViOil with USD 66 million credit lines
ViOil company and Oschadbank (State Savings Bank of Ukraine) signed the agreements on the provision of 2 long-term credit lines with a total limit of USD 66 million for 5 and 3 years, respectively.
These credit lines will be used to refinance current debt and replenish working capital.
"Signing the agreement with Oschadbank is another ambitious project implemented by the ViOil team in 2017, which allowed the group to provide credit resources in the medium term and completed the optimization of the loan portfolio," the company reports.
Reference: ViOil signed an agreement with a syndicate of European banks on the allocation of a pre-export financing in the amount of USD 80 million.