Russian oil company OAO Lukoil (LKOH.RS) said Friday it had obtained a $1 billion syndicated loan facility to repay outstanding debt.
The facility is divided between a $300 million tranche with a three-year maturity priced at Libor +0.85%, and a $700 million tranche with a five-year maturity priced at Libor +0.95%.
The facility has been arranged by ABN AMRO Bank N.V., Banco Bilbao Vizcaya Argentaria S.A., BNP PARIBAS S.A., The Bank Of Tokyo-Mitsubishi UFJ, Ltd., ING Bank N.V., Mizuho Corporate Bank, Ltd. and WestLB AG, the company said.