DTEK Finance B.V. (44RQ) - DTEK raised EUR 416 million RNS Number : 0159P DTEK Finance B.V. 18 October 2012 DTEK raised EUR 416 million Kyiv, October 18, 2012 - DTEK signed an agreement for a syndicated credit line of a total amount of EUR 416 million arranged by Sberbank CIB, Gazprombank (Open Joint Stock Company), ING Bank NV and UniCredit Bank Austria AG. The facility has two tranches with tenors of three and five years, respectively. Funds received from the syndicated loan will be directed to DTEK production facilities to finance modernization programs and for other purposes. ING Bank NV acted as documentation agent and UniCredit Bank Austria AG as information agent. "DTEK's production facilities require modernization. It is the Company's responsibility to ensure necessary funds are available for investment," said Vsevolod Starukhin, DTEK's CFO. "Taking into account the banks' conservative policies on lending for production, this syndicated facility once again proves the effectiveness of DTEK's management system - the transparency of our business, stability of our business processes and the reliability of our results. We are focused on long-term cooperation with banks and interested in expanding the range of financial instruments that allow us to fund the Company's strategic projects." Reference DTEK is the largest energy company in Ukraine. The Company is the energy division of System Capital Management (SCM). DTEK's enterprises operate effectively in coal mining and preparation, and electricity generation, distribution, and sales. DTEK's portfolio of coal assets includes 31 mines and 12 coal preparation plants in Donetsk, Dnipropetrovsk and Luhansk regions of Ukraine and in Rostov region of the Russian Federation. In 2011, DTEK's Ukrainian mines produced more than 37 million tons of coal. The generation segment is represented by 10 thermal power plants and two combined heating and power plants with more than 18 GW of total installed capacity. DTEK's generation enterprises are located in seven regions of Ukraine and the capital (Kyivenergo generates and supplies electricity and heating to Kyiv). DTEK's electricity distribution and sales segment includes five enterprises that collectively supply power to approximately 4.5 million customers - both individuals and legal entities. DTEK Trading sells energy products in domestic and international markets. Coal exported by DTEK Trading is consumed by power plants, coking plants and iron and steel works in Ukraine as well as power plants and industrial facilities in Europe, Asia, North and South America and Africa. The Company also exports energy to Hungary, Slovakia, Romania, Poland, Moldova, and Belarus. DTEK's consolidated revenues in 2011 amounted to UAH 39.6 billion; the Company's net profit totaled UAH 3.5 billion. DTEK paid UAH 5.6 billion in taxes in 2011. For more information, please visit www.dtek.com. Sberbank CIB. The Corporate & Investment Banking Business was created as part of the integration of Sberbank of Russia and Troika Dialog. Sberbank CIB's key areas of activity are corporate financing, investment banking services, trade operations with securities, and alternative investments. Sberbank of Russia's Corporate & Investment Banking Business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations. Sberbank CIB is part of Sberbank of Russia's Corporate Business Block. Gazprombank (Open Joint Stock Company) is the third largest Russian bank in all major indicators, as well as the third largest bank in Central and Eastern Europe in terms of equity. Gazprombank has an investment grade rating by Moody's Investor's Service and holds a long-term rating of Baa3, stable outlook. Long-term counterparty ratings on debt and borrowings of the Bank assigned by Standard & Poor's are BBB-, with a stable outlook. The extensive regional network of Gazprombank represented 43 branches and three subsidiaries of Russian banks. Gazprombank also has a stake in three foreign banks - "Belgazprombank" (Belarus), "Areximbank" (Armenia) and Gazprombank (Switzerland) in Zurich. ING Group is an international financial institution based in the Netherlands, providing banking, investment services, life insurance and retirement services. ING Group employs more than 94,500 people. It serves more than 85 million private, corporate and institutional clients in more than 40 countries in Europe, North America, Latin America, Asia and Australia. In 2011, ING Group ranked 17th in the "Fortune's Global 500" . ING Group has two main divisions: (a) banking, and (b) Insurance / Investment Management. The banking unit of ING Group - ING Bank - is subdivided into Commercial Banking and Retail Banking. Going forward, ING Group will seek to strengthen its position as an international retail, direct and commercial bank. ING Commercial Banking is presented in Ukraine since 1994, ING Bank Ukraine today offers the full range of corporate banking products and services with the support of ING Commercial Banking and ING network in Central and Eastern Europe. UniCredit Bank Austria AG is part of UniCredit Group, a major international financial institution, which operates in 22 European countries and employs more than 160,000 employees. UniCredit Group holds leading market positions in Italy, Germany, Austria, and also in other countries of Central and Eastern. UniCredit operates the largest international banking network in the CEE and operates over 4,000 branches and offices. The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. Sberbank (Switzerland) AG became part of the Sberbank group in December 2011. The bank is expanding its business in Europe such as syndicated lending and trade finance, as well as other products for corporate clients. Contacts: Alyona Semykina Head of IR, DTEK tel +38 (044) 581 45 22 SemykinaAG@dtek.com Some of the information in this press release may contain projections or other forward-looking estimates regarding future events or the future financial indicators of DTEK. The fact that a particular measurement is forward looking is indicated by the use of terms such as "expect", "appears", "forecast", "estimated", "intend", "will", "could", "may" or "might" and similar expressions. We would like to caution you that these statements are only predictions and that actual events or results to differ materially from those projected. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect not projected event. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements including, among others, general economic conditions, our competitive environment, risks associated with operating in Ukraine, rapid technological and market change in our sector as well as many other risks specifically applicable to DTEK and its activities. This information is provided by RNS The company news service from the London Stock Exchange END DOCLLFLFIVLTLIF -0- Oct/18/2012 12:15 GMT
DTEK Finance B.V. 44RQ DTEK raised EUR 416 million
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