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Mobile TeleSystems

May 30, 2018

MTS secures two credit lines with VTB

Moscow, Russian Federation – PJSC MTS (NYSE: MBT, MOEX: MTSS), the leading telecommunications operator and digital service provider in Russia, announces that the Company has signed two loan agreements for a total amount of RUB 50 bln with PJSC VTB Bank.

The agreements include two loans: a committed credit facility in the amount of RUB 20 bln with the ability to draw financing in separate tranches with a maturity until the end of 2021; and a 7-year revolving credit line in the amount of RUB 30 bln with the ability to draw financing in separate tranches with a maturity of up to 5 years.

The funds will be used for further optimization of MTS’s debt portfolio and for other corporate needs.

Andrey Kamensky, Vice President, Finance, Investment and M&A, commented, “MTS is consistently working to optimize the Company's debt portfolio and broadening relations with leading Russian financial institutions. The loan agreements represent a new phase in our cooperation with VTB, and we look forward to mutually beneficial cooperation ahead.”

* * *

For further information, please contact in Moscow:

Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru

 

 

 

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