DTEK concluded debut Pre-Export Financing deal for $375,000,000

The facility is structured as one loan with two tranches, consisting of a three-year tranche and a five-year tranche.

Funds drawn under this facility will be used to finance DTEK’s export activities.

“Development of export activities is among DTEK’s priorities, which requires appropriate financing,” said DTEK CFO Vsevolod Starukhin. “DTEK continues to extend its set of financing instruments. The conclusion of this transaction is evidence of the trust of leading financial institutions in our company.”

DTEK is the largest energy company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov. Maxim Timchenko is the Chief Executive Officer of DTEK. Currently, DTEK employs 140 thousand people.

Electricity is the core product of DTEK. The assets portfolio is represented by 10 thermal power plants and two combined heat and power plants with 18 GW of total installed capacity; one windfarm with the designed installed capacity of 200 MW; five electricity distribution and sales enterprises, which provide services to over 5.2 million customers – both individuals and legal entities; 31 mines and 13 coal-processing plants; oil and gas extraction assets.

In 2012, DTEK’s enterprises generated 51.4 TWh and purchased 53.9 TWh of electricity for further supply to consumers; coal output equaled 39.7 mln tonnes and coal processing amounted to 27.7 mln tonnes. DTEK exports electricity to six countries and coal to 36 countries worldwide.