OREANDA-NEWS. On 23 January 2009 Integra Group (LSE:INTE), a leading Russian independent provider of onshore oilfield services and manufacturer of oilfield services equipment, announced that since January 1, 2009 it has paid down a total of USD 35 million of its short term debt including final payments on loans from Amsterdam Trade Bank and Credit Europe Bank Ltd. Repayments were made from operating cash flow generated in December, 2008. Following these repayments, the Group’s total debt as of January 22, 2009 is USD 337 million (Ruble debt converted at RUB32.6/ USD exchange rate).

The company has also received a one month maturity extension on its final USD 135 million repayment of the syndicated facility arranged by ABN AMRO and ING Bank N.V., which now matures on February 25, 2009. The maturity extension was obtained to allow sufficient time for finalization of syndication and documentation of the proposed up to USD 300 million refinancing facility to be provided by the European Bank for Reconstruction and Development and a group of commercial lenders.