Sep. 3 Gazprom signed a guarantee contract on the credit agreement between Gazprom Space Systems and Bank of America N.A., Sumitomo Mitsui Finance Dublin Limited and Banc of America Securities Limited, as it was informed.
The limit of the guarantee is set at $387.4mln.
Gazprom Space Systems relies to raise $298mln in credit with Bank of America and Sumitomo Mitsui Finance Dublin for 5 years at LIBOR+3.15% ann.
Gazprom Space Systems (Gazkon from Dec. 2008, TIN 5018035691) is the largest Russian satellite com operator. It has well-developed surface infrastructure and provides control over the Yamal com system. The services on the foreign market account for the one fourths of the income.
The Company was founded in 1992. The holders involve Gazprom (79.79%), S.Korolev's Energia Space Corp. (16.16). The share capital is equal to 65.683mln rub. split in 656.834ths common stocks of 100 rub. par.
The IQ 2013 net losses (RAS) reached 141.934mln rub. against 913.132mln rub. in net profit prior year period; revenues increased 2.4 fold to 156.098mln rub. from 65.994mln rub.