X5 AND SBERBANK SIGNED A USD 500M CREDIT FACILITY


 

TIDMFIVE TIDM73DK 
 
RNS Number : 1738T 
X5 Retail Group N.V. 
23 September 2010 
 

 
      X5 and sberbank signed a five year USD 500 million credit facility 
 
Amsterdam, 23 September 2010 - X5 Retail Group N.V. ("Company"), Russia's 
largest retailer in terms of sales (LSE ticker: "FIVE"), today announced that X5 
and Sberbank have signed a five year credit facility for USD 500 million in RUR 
equivalent, with final maturity date in December 2015. The facility will be in a 
format of a multipurpose credit line. Parties have also agreed to sign the 
facility on unsecured basis. Credit terms are comparable to the credit terms 
provided by the leading western banks. 
The credit line can be utilized in several tranches with varying maturities up 
to 3 years. 
 
Lev Khasis, X5 Retail Group CEO, commented: 
 
"We are proud to build on the successful partnership between X5 Retail Group and 
Sberbank of Russia. We are delighted to extend our long-term relationship with 
this additional USD 500 million credit facility, which we see as another step in 
the growing cooperation between Russia's largest bank and Russia's largest 
retailer. X5's access to substantial long-term financial resources will enable 
us to seize new opportunities for strategic development and make valuable 
contributions to Russian retail market development." 
 
 
+----------------------------------+----------------------------------+ 
| For further details please contact                                  | 
|                                                                     | 
+---------------------------------------------------------------------+ 
| Egor Voytenkov                   | Svetlana Vitkovskaya             | 
| Senior IR Manager                | Head of PR Department            | 
| Tel.:  +7 (495) 662-8888, ext.   | Tel.: +7 (495) 662-8888, ext. 31 | 
| 22 455                           | 140                              | 
| e-mail: egor.voytenkov@x5.ru     | e-mail:                          | 
|                                  | svetlana.vitkovskaya@X5.ru       | 
+----------------------------------+----------------------------------+ 
Note to Editors: 
 
X5 Retail Group N.V. is Russia's largest retailer in terms of sales.  The 
Company was created as a result of a merger between Pyaterochka (soft discounter 
chain) and Perekrestok (supermarket chain) on 18 May 2006.  In June 2008, X5 
acquired Karusel hypermarket chain and substantially strengthened its position 
in hypermarket format. 
 
As at 30 June 2010, X5 had 1,514 Company-managed stores located in 
Moscow, 
 St. Petersburg and other regions of European Russia, Urals and 
Ukraine, including 1,135 soft discount stores, 275 supermarkets, 62 hypermarkets 
and 42 convenience stores. 
 
As at 30 June 2010, X5's franchisees operated 610 stores across Russia. 
 
For the full year 2009 X5's net sales totaled USD 8,717 mln, EBITDA reached USD 
736 mln, and net profit amounted to USD 165 mln. 
 
For the first half 2010, net sales totaled USD 5,184 mln, EBITDA reached USD 399 
mln, and net profit amounted to USD 104 mln. 
 
X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of 
Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 
27.0%. 
 
Forward looking statements: 
This announcement includes statements that are, or may be deemed to be, 
"forward-looking statements".  These forward-looking statements can be 
identified by the fact that they do not only relate to historical or current 
events.  Forward-looking statements often use words such as" anticipate", 
"target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", 
or other words of similar meaning. 
 
By their nature, forward-looking statements involve risk and uncertainty because 
they relate to future events and circumstances, a number of which are beyond X5 
Retail Group N.V.'s control.  As a result, actual future results may differ 
materially from the plans, goals and expectations set out in these 
forward-looking statements. 
 
Any forward-looking statements made by or on behalf of X5 Retail Group N.V. 
speak only as at the date of this announcement.  Save as required by any 
applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation 
publicly to release the results of any revisions to any forward-looking 
statements in this document that may occur due to any change in its expectations 
or to reflect events or circumstances after the date of this document. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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