Volga-Dnepr Take $150M Loan

Volga-Dnepr was today reported by the Moscow Times to have borrowed $150 million to repay existing debt.

Volga-Dnepr said that the four-year loan was arranged by VTB Bank Europe, with UniCredit SpA, Banque Societe Generale Vostok and Anglo Romanian Bank providing some of the financing,

Part of the debt being refinanced is an $80 million bridge loan raised in July 2007, it said.  No information was provided on the pricing of the new loan.