Odesa Oil Refinery gets another tranche of USD 50 thousand

PJSC «Odesa Oil Refinery» has got another tranche of USD 50 thousand, Context-Prichernomorie correspondent reports.

The press service of the Securities and Stock Market State Commission reported on May 7, 2013.

According to their information, the date of the tranche transfer of USD 50 thousand (equivalent to UAH 399 thousand 650) is 30 April, 2013. The debt holder is SLB Invest Limited, Cyprus.

The loan closing date is 16 July, 2013, the rate of interest is floating ― LIBOR + 3.5% per annum, as of today, is equal to 3.72% per annum. The duration of the contract is 36 months.

The company’s net worth is UAH 3 billion 132 million 30 thousand, as of the beginning of 2013. The balance between the borrowed amount and the net worth as of the beginning of the reporting period made 401.903%.

INFORMATION: Odesa Oil Refinery was put into operation in 1937 as a cracking plant. In 2000 it was renamed to OJSC Lukoil Odesa Oil Refinery. 97% of the shares are held by Lukoil ― a Russian oil company. After a long reconstruction the plant’s operation was resumed on 18 April 2008. As the result of its reconstruction its processing depth was increased from 56% to 80%, while its production capacity remained 2.8 million tons per year.

The company and the Group VETEK signed an agreement on the purchase-sale of PJSC LUKOIL-Odesa Refinery. As a result, the VETEK Group will purchase 99.6% of stocks in the oil refinery. The deal is expected to be completed by June 1, 2013, once the parties carry out their prior commitments.

Adapted from: Context-Prichernomorie Information agency