December 14, 2016 / 9:20 AM / 8 months ago

BRIEF-Russia's Alrosa repays $370 mln loan owed to UniCredit

Dec 14 (Reuters) - Russia's Alrosa says:

* Repaid a $370 million loan owed to UniCredit Bank ahead of schedule;

* The deal reduced Alrosa's total debt to $2.3 billion;

* "The early debt repayment became possible due to increased free cash flow, which was related to a recovery in the main product sales in 2016," Igor Kulichik, Alrosa's chief financial officer, said in a statement. Further company coverage: (Reporting by Moscow Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below