AFI Development Plc announced that it has agreed with its lender, VTB Bank PJSC, to partially repay loans relating to the Plaza Spa Kislovodsk and Plaza Spa Zheleznovodsk projects, in the total amount of circa EUR 35 million. The Company currently has three loan agreements relating to the Plaza Spa Kislovodsk and Plaza Spa Zheleznovodsk projects, maturing in 2022, with a total outstanding balance of EUR 37.73 million. Under the addenda to existing loan agreements signed with VTB Bank PJSC, AFI Development's subsidiaries will repay a total amount of EUR 34.77 million, while having an option to draw back the same amount (or less) within one year, at the existing interest rate of 4.2%, in euros.