OREANDA-NEWS. January 26, 2012. A contract for fund raising within the frameworks of a syndicated loan to be attracted was signed between TITAN-2 Holding and ALFA-BANK, OJSC. Currently, the Bank is working to collect and process the documents on the basis of which the draft information memorandum will be developed to attract potential banks-investors.

Under the syndicated loan it is planned to attract the funds in the amount 3 bln roubles for 3 years. The loan will be secured by the revenue of the Holding’s subsidiaries: Road Transport Directorate , OJSC, OJSC Sosnovoborelektromontazh,  Installation and Construction Directorate No. 90 working over orders within the frames of the Holding's  portfolio  of orders. Syndication is expected to start in 2012.

Elena Naginskaya, Director General of TITAN-2 Holding says, “The funds raised under the syndicated loan will be spent on implementing our projects aimed, among other things to widen the geography of the Holding's presence in the regions”.