VimpelCom to pay down bridge loan borrowings with notes proceeds

By Sara Rosenberg

New York, June 22 - VimpelCom Holdings BV plans on repaying a bridge loan at its parent, VimpelCom Amsterdam BV, with proceeds from a notes offering, according to a market source.

The $2.2 billion bridge loan matures on March 31, 2012.

Remaining proceeds from the notes will be used for general corporate purposes.

VimpelCom is a Moscow-based telecommunications company.

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