OREANDA-NEWS. April 15, 2010. Integra Group (LSE:INTE), a leading independent provider of onshore oilfield services and manufacturer of oilfield services equipment, receives a three year RR 2.46 bn (USD 84.9 million) loan from Sberbank.

These funds will be used for full prepayment of the remaining balance of the European Bank for Reconstruction and Development (“EBRD”) loan. These refinancing terms provide for a significantly reduced collateral package and remove a number of restrictive covenants related to additional borrowings, investments and disposals.

In addition, Integra Group signed an agreement with VTB Bank (Deutschland) AG for a two year unsecured revolving line of credit of USD 40 million. The proceeds are expected to be used for general corporate purposes including prepayment of some other short term credit facilities.