OREANDA-NEWS. August 31, 2009. DTEK, the leading Ukrainian fuel and energy provider, has repaid the second part of its US 150 million international syndicated loan. The second loan repayment, totalling US 18.75 million, has been made in line with the terms and conditions of the loan agreement and follows the first stage payment, which was completed on schedule in May 2009, reported the press-centre of SCM.

Commenting on the repayment, Yuriy Ryzhenkov, DTEK CFO, said:

“This latest repayment is a further demonstration of DTEK’s diligent financial management and underlines its commitment to delivering on its obligations to all of its partners and stakeholders.

“DTEK’s strong financial position and reputation for sound management enables us to obtain financing at favourable terms, despite the challenging economic climate. It also reflects the positive and productive working relationships we continue to enjoy with our banking partners.”

Barclays Capital PLC and Standard Bank Plc were the syndicate arrangers for DTEK’s first syndicated loan, which was taken out in 2008 for a term of two years, with a possible extension for an additional year, at a rate of LIBOR +3%. Since then, the Company’s international credit portfolio has been supplemented by a EURO 50 million stand-by credit facility and a wide range of target credits aimed at advancing the Company’s investment programme.