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Integra brochure
(pdf - 1.6 mb)


August 04, 2011

Integra secures a new credit line to refinance its short-term debt and finance the development of the Companyís business

Moscow, August 04, 2011. Integra Group (LSE:INTE) secured a new credit line in the West-Siberian Bank of Sberbank of Russia in the amount of RR 6 billion. The tenor of the line is 7 years, with repayment starting from the 5th year of the loan.
The loan is secured by equity stakes in two operating subsidiaries of the Group and certain fixed assets. The proceeds will be used to refinance the short-term debt of the company, for capital expenditures and financing of further business development.

“This new line will considerably improve our debt structure, reduce cost of funding, mitigate currency risks and will provide resources for further investment in business development. We are grateful to Sberbank for another major milestone in our long-term relationship and understanding of Integra’s business model”, commented Yuri Baidoukov, CFO of Integra Group.

“This decision confirms the strategic vector of the relationship between Sberbank and Integra and is the outcome of our joint strive for the highest results. We are interested in further development of our multilateral co-operation with Integra and are grateful for choosing Sberbank of Russia as its financial partner”, said Sergey Maltsev, Chairman of West-Siberian Bank of Sberbank of Russia.

For reference:

Integra Group is a leading FSU-based independent diversified oilfield services provider and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies.
Established in March 2004, Integra Group has, through 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs more than 15,000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).

For more information, please, contact:

Integra Group

Andrey Machanskis
Head of Investor Relations
Phone: +7 495 933 0621
amachanskis@integra.ru

Konstantin Schwarzkopf    
Vice President, Public Relations      
“ŚŽ. +7 495 933 0621
kschwarzkopf@integra.ru

***

Some information contained herein, may contain forecasts or other estimates of future events or future financial position of Integra Group. Such future events estimates may be identified by the words and phrases such as "expects," "believe," "anticipate," "estimate," "intends," "future," "could," "may" or "might", their negative forms or other similar expressions. These statements are only predictions and actual events or results may differ considerably. Integra Group does not intend or undertake to update any of these estimates due to the events and circumstances occurring after the date hereof or due to the force-majeure. Many factors could cause actual results to differ considerably from those contained in the forecasts of Integra Group or estimates of future events, including, without limitation, general economic and market conditions, the competitive environment for Integra Group, the risks associated with operating in Russia, rapid technological and market changes, as well as other specific factors relating to Integra Group and its activities.
This document does not constitute any offer or invitation to sell or issue the offer or invitation to purchase or offer a subscription for shares or other securities of Integra Group. Nor any part of this document or the fact of its publication constitutes the recommendation on Integra Group securities, and it should not be relied upon in connection with entering into any contract or investment regarding Integra Group securities.