Kaluga Sales Company Shareholders Approve RUR 900 Million Credit Line from Rossiya Bank – Center |
Kaluga. December 2nd. INTERFAX CENTER – Shareholders of PJSC Kaluga Sales Company (KSK) on Thursday approved an agreement with Bank Rossiya to open a revolving credit line in the amount of 900 million rubles, the company said.
The deal was approved by 100% of the shareholders attending the meeting.
As previously reported.
Loan term – until November 18, 2025. The interest for using the credit line is the key rate of the Bank of Russia plus 4.75 percentage points.
The credit line was opened secured by 50% + 1 ordinary share in KSK owned by Kaluga City Energy Company JSC (KGEK), as well as 45% of ordinary shares in KGEK itself, owned by VA LLC. In addition, 17.93% of ordinary shares of KSK are pledged, owned by OOO KSK-Invest. Part of the movable (total collateral value – 740.28 million rubles) and real estate (227.56 million rubles) of the sales company was also pledged.
JSC “Oblenergosbyt”, “KSK-Invest” and LLC “VA” acted as guarantors for KSK before the bank.
PJSC “Kaluga Sales Company” is a supplier of electricity in the Kaluga Region. The enterprise was founded on April 1, 2004 as a result of spin-off from OJSC Kalugaenergo.
According to the analytical system “SPARK-Interfax”, 62.64% of the authorized capital of KSK belong to JSC KGEC, 17.93% – LLC KSK-Invest.
According to the results of the first half of 2021, Bank Rossiya ranks 14th in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.