15th Jun 2006 07:02
Pyaterochka Holding N.V.15 June 2006 15 June 2006 Pyaterochka Holding N.V. US$800 million Term Loan Credit Facility ABN AMRO Bank N.V., HSBC Bank plc, Raiffeisen Zentralbank Osterreich AG ("RZB")and ZAO Raiffeisenbank Austria (together with RZB, the "RZB Group") and WestLBAG, London Branch (the "Initial Mandated Lead Arrangers" and "Bookrunners") havetoday launched a US$800 million Syndicated Term Loan Facility ("the Facility")for Pyaterochka Holding N.V. ("Pyaterochka"). The Facility will be utilised inconnection with the merger of Pyaterochka with Perekrestok Holdings Limited ("Perekrestok"). Commerzbank Aktiengesellschaft AG and ING Bank N.V. have each pre-committed tothe Facility and join as Mandated Lead Arrangers. The Facility is fully underwritten by the Initial Mandated Lead Arrangers andconsists of a US$300 million 3-year Tranche for the acquisition, a US$150million 3-year Tranche to refinance existing debt both with amortisingrepayments, and a US$350 million 3-year Tranche with a bullet repayment tofinance the future development of the combined group. Banks have been invited to join on the following basis: Title Commitment Upfront FeeLead Arranger US$75,000,000 75.0bp flatArranger US$50,000,000 60.0bp flatCo-Arranger US$25,000,000 45.0bp flatSenior Lead Manager US$10,000,000 35.0bp flat A bank meeting will take place on Tuesday June 20 in London. Note to Editors: Pyaterochka Holding N.V. is Russia's largest food retailer in terms of sales.The group has 371 company-managed "Pyaterochka" soft discount stores located inthe Moscow (177), St. Petersburg (175) and Yekaterinburg (19) areas, and 127company-managed "Perekrestok" supermarkets across 14 regions of Central Russiaand Ukraine as of 31 March 2006. As of 31 March 2006, franchisees operated 439 Pyaterochka branded stores in 15regions of Russia, Ukraine and Kazakhstan. Pyaterochka currently has masterfranchise agreements in 20 regions of Russia, Ukraine and Kazakhstan.Perekrestok has 9 convenience stores operated by franchisees in the Moscow area. Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 tocreate the clear leader in the Russian food retail market. Pyaterochka's 2005 net sales (pre-merger) reached US$ 1,359 million, with grossbanner sales in 2005 of over US$ 2 billion. Perekrestok net sales reached US$1,015 million in 2005. Pyaterochka's Q1 2006 net sales (pre-merger) reached US$ 439 million, andPerekrestok Q1 2006 sales were US$ 323 million. Enquiries: Pyaterochka Holding N.V.Tanja Djurdjevic [email protected]+7 495 724 6414 On behalf of the Mandated Lead Arrangers contact: ABN AMRO Bank N.V.Joanna Pope [email protected]+44 207 678 5111 Elena Levitskaya [email protected]+7 495 937 0317 HSBC Bank plcAdil Kurt-Elli [email protected]+44 207 991 1440 Olga Loiko [email protected]+7 495 721 1514 RZB GroupAnnamaria Branschadel [email protected]+431 71707 1826 Tao Zeng [email protected]+431 71707 2689 WestLB AGPenny Smith [email protected]+44 20 7020 3321 Ewa Gracey [email protected]+44 20 7020 3683 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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