Integra
Group (LSE: INTE), a leading independent provider of diversified
oilfield services, and VTB Bank (Deutschland) AG increased their
existing term loan facility with permitted reborrowings from US$50
million to US$100 million and extended the tenor by 5 years.
Furthermore, the company benefits from improved pricing terms.
"These amendments to our multi-purpose credit line with VTB Bank
(Deutschland) AG will further enhance financial flexibility of
Integra. We are pleased with the Bank's support and commitment to
the company confirmed by years of mutually beneficial
relationship," - commented Yuri Baidoukov, CFO of Integra
Group.
"We are happy to support the company along its financial strategy.
This amended facility is evidence of many years of good cooperation
with Integra," - added Igor Strehl, CEO of VTB Bank (Austria) AG,
the parent of VTB Bank (Deutschland) AG.
As of today, US$26 million are drawn out of the total facility
amount.
