OREANDA-NEWS. July 22, 2010. The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports the repayment of a USD 118 million syndicated loan facility provided by UniCredit Bank Austria AG (formerly Bank Austria Creditanstalt AG) and ZAO UniCrebit Bank (formerly ZAO International Moscow Bank) as mandated lead arrangers.

The USD 118 million syndicated loan was repaid in full by a single payment as stipulated in the loan facility agreement.

NCSP Group made a successful debut on the international loan syndication market by raising this facility in July 2007. The funds were attracted for a term of three years as a blank facility on best available market terms.

According to management accounts once the loan was repaid NCSP Group total debt reduced to USD 324 million, including the USD 300 million Eurobond issue due in May 2012.

Commenting on this event NCSP Chairman of the Board Alexander A. Ponomarenko: "Fulfilling our obligations to lenders in full and in due time strengthens NCSP Group’s image as first-class borrower with a financially stable business which enables us to hope for best market terms when attracting financing in the future".