OREANDA-NEWS. December 6, 2007. JSC SITRONICS (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, on November 30 announced that it had signed a US$ 125 million loan agreement with Dresdner Bank AG.

The loan bears an annual interest rate of 9.25%. The proceeds of the loan will be used to refinance certain current liabilities of SITRONICS and also to finance the working capital needs of its subsidiaries.

Dresdner Bank AG acted as Arranger and Agent and Alexandria Capital PLC as Original Lender.