Obuv Rossii LLC attracted a revolving credit line for 2 years in the amount of 300 million rubles from MDM Bank. Guarantors were other companies of the group - LLC Obuvrus, LLC Pedestrian and LLC Westfalika-M.
The funds are needed to finance the GC investment program, in which the company opens more than 2013 stores in 60, investing 700 million rubles. In the first half of the year, the Shoe of Russia retail network has already acquired 32 new stores, the rest of the outlets will be open by early September.
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