OREANDA-NEWS. On 11 March 2009 was announced, that Mirax Group completed restructuring USD 180,000,000 of CLN notes which were issued in March 2007 and were due for "put option" on March 20, 2009.

The new restructuring terms were voted "in favor" by over 90% of the note holders during the meeting which took place today in London.  The new terms are virtually identical to the terms earlier used by MIRAX Group to restructure USD 265,000,000 of the Credit Suisse facility.  The new terms include, a partial payment of the principal amount, the new put option date, and an increased interest rate, among others.

Dmitry Lutsenko, member of the Board of Directors of MIRAX Group noted that "by successfully restructuring over USD 500 million of the company's debt due in 2009, MIRAX Group is now well prepared to weаther a storm caused by the world financial crisis."