Top.Mail.Ru
RU
13 September 2010

X5 Retail Group announces early refinancing of syndicate loan with new club loan

Amsterdam, 13th September 2010

X5 Retail Group N.V. (LSE ticker: "FIVE"), Russia’s largest retailer in terms of sales, today announced that the Company has signed a new club loan with a total amount of USD 800 million to refinance the existing USD 1.1 billion syndicate facility, which was put in place in 2007 and was due to mature in December 2010. The rest of the syndicate facility will be refinanced through other existing facilities, including the forward start facility provided by Sberbank.