The credit facility could be used to substitute HMS Group’s existing short-term debt with a steadier long-term one and lower the cost of available debt going forward.
“We have healthy order book and project pipeline in a mid-term perspective. This credit line will allow us to increase working capital needed for their implementation. Moreover it could be used as a source of additional liquidity, given that uncertainty in the global economy perspectives may lead to the negative scenario of economy development,” said Artem Molchanov, managing director and CEO of HMS Group.