LenSpetsSMU decreases its indebtedness by 33 million dollars

06.12.2010

On 3rd December LenSpetsSMU made early repayments on two credit lines amounting to 33mn USD.


The KIT Finance Investment Bank credit line for USD 13 mil (initial maturity schedule 23/11/2012) and GLOBEX Bank credit line for USD 20 mil (initial maturity schedule 28/09/2013) were redeemed in full and before the due date.

LenSpetsSMU is looking to continue working with both banks.


Based on the redemptions, the total amount of the credit portfolio now stands at 317.9mn USD as of 03.12.2010, with net debt at 220.7mn USD.

CONTACT DETAILS:

Natalia Menzel, Head of Public Relations

tel. (812) 348-21-25, e-mail: menzel_n@lenspecsmu.ru

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: vasenev_v@lenspecsmu.ru