TMK Inks $1.2 Bln Syndicated Loan Deal

04.06.2008 (10:15)

The Russian pipe producer TMK has signed a loan agreement enabling it to raise up to $1.2bn in a syndicated bridge facility to finance the acquisition of US pipe plants from IPSCO.

The interest rate will consist of the LIBOR rate plus margin, the size of which will increase throughout the term of the agreement. The loan agreement was signed for 12 months with an option for extending the term by a further three months. The syndicated facility is secured by TMK's subsidiaries. ABN AMRO Bank N.V., Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Capital, BNP Paribas, ING Wholesale Banking, Natixis, Sumitomo Mitsui Banking Corporation, and Nomura International plc will act as the lead arrangers for the deal, RBC reports.

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TMK to Ship 20,000 Tonnes Casing Pipe to ONGC in 2009-2010

07.11.2008 (12:21)

Russia's TMK, one of the world's top-three oil and gas industry pipe producers, has won a contract to supply India's Oil & Natural Gas Corp. (ONGC) with 20,000 tonnes of casing pipes in 2009-2010, TMK said according to Interfax.

TMK Successfully Placed Its Second Eurobond Issue

28.07.2008 (16:03)

TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, successfully issued a US$ 600 million 3 year Eurobond due in July 2011 with 10 percent annual coupon.

TMK Sees Fall in Pipe Shipments

18.07.2008 (17:45)

TMK's pipe shipments decreased 5 percent to 1.495m tonnes in the first half of 2008, Russia's largest manufacturer and exporter of steel pipes said according to RBC .

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RZD-Partner Editorship wishes you Happy New Year!

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30.12.2008 (12:39)

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30.12.2008 (12:09)

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