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DTEK Energo has agreed on the terms of restructuring Eurobonds and bank debt with the creditors' committees

Ukraine

DTEK Energy has reached an agreement on the terms of restructuring Eurobonds and the main bank debt with committees of creditors-holders of Eurobonds and creditor banks.

DTEK Energo has agreed on the terms of restructuring Eurobonds and bank debt with the creditors' committees

DTEK Energy has reached an agreement on the terms of restructuring Eurobonds and the main bank debt with committees of creditors-holders of Eurobonds and creditor banks.

Completion of the restructuring will ensure stable operations of the company in the long term, flexible debt service mechanics, taking into account financial forecasts and an unstable external environment.

“We highly appreciate the support of our partners - the creditors' committees supported the company's proposal for restructuring. We built the negotiation process as a reliable partner fulfilling our obligations. This made it possible to maintain constructive relations and balance the company's loan servicing capabilities and continue its development, - said Oleg Tymkiv, DTEK's Director for Strategy and Finance. - During the negotiation process, we were able to make sure that lenders fully understand the consequences of the crisis caused by the COVID-19 pandemic, both on the country's economy and on the energy industry. This was reflected in their balanced constructive position, aimed primarily at finding a compromise solution. As a result, we managed to reach the optimal conditions for both sides of the new agreement. ”

DTEK is the largest private investor in the energy sector of Ukraine. The company is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.

DTEK Group produces natural gas and coal, produces electricity at solar, wind and thermal power plants, distributes and supplies electricity to customers, implements energy-efficient solutions, and develops a network of high-speed charging stations for electric vehicles.

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