Integra brochure
(pdf - 1.6 mb)

February 05, 2008

Integra mandates two banks to arrange up to USD 150,000,000 Syndicated Loan Facility

Moscow, 5 February 2008 – Integra Group (the “Company” or “Integra”) has mandated ŔBN AMRO Bank N.V. and ING Bank N.V. (together the “Initial Mandated Lead Arrangers”) to arrange a debut USD 150,000,000 syndicated loan facility (the “Facility”).  The Facility will be used by the Company to finance business expansion and working capital including the refinancing of some of its current debt facilities. The Facility is a term loan with a 1-year final maturity. It pays a margin of 2.35% per annum for the first 6 months and 2.75% for months 7 to 12. Initial Mandated Lead Arrangers have underwritten the deal and syndication of the facility is expected to be launched in February, 2008.

Notes to editors:

Integra Group is a leading Russian independent provider of onshore oilfield services and is also a leading manufacturer in the Russian Federation of drilling rigs with heavy lifting capacity, cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas.

Integra operates in the drilling, workover, seismic and geophysics sectors and manufactures oilfield services equipment.  Integra has oilfield services operations in all major oil and gas producing regions in Russia and in many other CIS countries. The company’s customer base includes major Russian and international oil and gas companies operating in Russia and CIS.

Established in March 2004, Integra Group has, through 16 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs approximately 20 000 people.

Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).

Elena Levitskaya

Head of Communication

+7 495 937 0317
 Integra Group

Andrei Machanskis

Head of Investor Relations

Alla Sapun

Press Secretary

Tel. +7 495 933 0621