LUKOIL borrows $2 bln
LUKOIL borrows $2 billion for acquisition of a controlling stake in Nelson Resources
OAO LUKOIL ("LUKOIL") , acting through its wholly owned subsidiary, LUKOIL Finance Limited (Gibraltar), has concluded a 6 month acquisition loan in the amount of $2 billion for its purchase of a controlling stake in Nelson Resources Limited of Bermuda . Citigroup acted as Sole Arranger and Lender in this loan facility. This represents the largest single corporate loan ever raised by LUKOIL. The loan was extended on an unsecured basis and was priced at Libor plus 0.5% p.a.
OAO LUKOIL provided a corporate guarantee on behalf of LUKOIL Finance Limited (Gibraltar).