Sistema PJSFC: Sistema signs new loan agreements with Sberbank

Sistema PJSFC (SSA) 
Sistema PJSFC: Sistema signs new loan agreements with Sberbank 
26-Nov-2019 / 09:46 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
              Sistema signs new loan agreements with Sberbank 
 
   Moscow, 26 November 2019 - Sistema PJSFC ("Sistema" or the "Corporation") 
       (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding 
company, announces that it has signed new loan agreements with PJSC Sberbank 
of Russia ("Sberbank") to further optimise the Corporation's debt portfolio. 
 
  Under the agreements reached with Sberbank, the maturity of the RUB 59.3bn 
   secured loan issued in February 2018 has been extended from 2023 to 2025. 
  The loan is repayable during 2024 and 2025. The maturity of the RUB 24.0bn 
     unsecured loan issued in July 2018 has been extended from 2021 to 2024. 
 
      Vladimir Travkov, Sistema's Vice President for Finance and Investment, 
                            commented: 
 
"The new terms of the loan agreements with Sberbank increase the duration of 
     our debt portfolio, set a comfortable repayment schedule and reduce the 
   interest rate. The new terms have become possible thanks to our long-term 
           strategic partnership with Sberbank. These terms also reflect the 
strengthening of the Corporation's financial position as it has succeeded in 
    further diversifying its sources of funding, including through an active 
                            presence in public capital markets." 
 
              *** 
 
    Sistema is a publicly-traded diversified Russian holding company serving 
       over 150 million customers in the sectors of telecommunications, high 
   technology, financial services, retail, paper and packaging, agriculture, 
 real estate, tourism and medical services. The company was founded in 1993. 
Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31 
    December 2018. Sistema's global depositary receipts are listed under the 
    "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are 
             listed under the "AFKS" ticker on the Moscow Exchange. Website: 
                            www.sistema.com [1] 
 
              *** 
 
       For further information, please visit www.sistema.com [1] or contact: 
 
     Investor Relations         Public Relations 
 
       Nikolai Minashin Sergey Kopytov 
 
Tel: [phone] Tel.: [phone] 
 
  [e-mail]       [e-mail] 
 
This document does not constitute or form part of any offer or invitation to 
    sell or issue, or any solicitation of any offer to purchase or subscribe 
      for, any shares or other securities of PJSFC Sistema and/or any of its 
subsidiaries and affiliated companies, nor shall any part of it nor the fact 
     of its distribution form part of or be relied on in connection with any 
  contract or investment decision relating thereto, nor does it constitute a 
   recommendation regarding the shares or securities of PJSFC Sistema and/or 
                           any of its subsidiaries and affiliated companies. 
 
ISIN:          US48122U2042 
Category Code: MSCM 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  31489 
EQS News ID:   921563 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=921563&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 26, 2019 01:46 ET (06:46 GMT)