UniCredit Bank opens a non-revolving credit line in the amount of RUB 1.2 billion for HMS Group
AO UniCredit Bank and HMS Group have signed an agreement to open the 60-month non-revolving credit line in the amount of RUB 1.2 billion. The financing will be utilized for general corporate needs.
«UniCredit Bank has long-lasting partnership relations with HMS Group», comments Dmitri Merkuriev, Senior Manager, Deputy Head of Large Corporates Department of UniCredit Bank, «Being one of the major financial partners of HMS Group UniCredit Bank keeps increasing its share in credit portfolio of the Company as well as developing non-credit business with this name».
HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts («GDRs») are listed under the symbol «HMSG» on the London Stock Exchange.