Volga-Dnepr Group / Press-center / Media Coverage

$150M Volga-Dnepr Loan

08/27/2008

Volga-Dnepr, the world's largest airline carrying oversized cargo for customers including armies, said Tuesday that it had borrowed $150 million to repay existing debt.

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, Volga-Dnepr said. Part of the debt being refinanced is an $80 million bridge loan raised in July 2007, it said, without providing details of pricing.

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