Support The Moscow Times!

X5 Gets $282M Loan

The country's largest food retailer by sales, X5, said it has secured a 9 billion ruble ($282.54 million) loan for 3.5 years from VTB Capital, X5 said on Tuesday.

"The new VTB facility will diversify and improve X5's current debt structure, extending the maturity schedule of the company's debt portfolio to 2016 and reducing short-term debt to less than 30 percent of X5's total debt," the company said in a statement.

X5 also added that the new loan will not increase the company's total debt.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.