JSC “RYAZCVETMET” completes EUR 27 million debt restructuring

Russian scrap lead-acid batteries recycler JSC “RYAZCVETMET” (RZCM) successfully completed restructuring of EUR 27 million loans. CFS Advisors acted as a sole financial advisor to RZCM with respect to the loan restructuring.

In June 2012 RZCM, one of the largest Russian refined lead producers located in Ryazan, finalized signing of the debt restructuring agreements, according to which banks will ease the terms of its long term loans totaling EUR 27 million. The restructuring implies new schedule for interest payments and changes to principal amount repayment schedule.

The restructuring should allow RZCM to gain financial stability, replenish its working capital, increase production volumes, and nearly double its revenue in 2012.

“In June 2012 CFS Advisors celebrated its first anniversary. Despite challenging conditions on financial markets, this year we celebrate the completion of our third project. It is our first transaction in Russia, and we are pleased that our client base is expanding in geography. It is an important addition to our record of successfully completed projects, which allows us to bring more value to our clients across different countries and sectors”, said Eugene Cherviachenko, Director at CFS Advisors.