At the TGK-2 special meeting June 30 the holders approved the 16bn rub. worth credit line contract with VTB Bank, the company informed.
The credit period covers 5 year; interest being fixed at 13.5% ann.
The credit in the total volume of no more than 350mln rub. is aimed to refund a principal of the settled credit agreements, to develop the current activity and to buyback Novgorodskaya TETS.
TGK-2 (TIN 7606053324) was registered in 2005 to include energos of 6 regions (Arkhangelskiy, Vologodskiy, Kostromskoy, Novgorodskiy, Tverskoy and Yaroslavskiy). The total capacity reached 2.542.5ths MW, heat capacity - 12.471ths Gcal. The Company provides control over 15 heat power plants, 5 heat networks. The share capital is worth 14.749bn rub. split in 1458401856250 common and 16500533681 preferred stocks of 0.01 rub. par.
The 2013-net losses plunged 3.62 fold (IAS) to 1.237bn rub. from 4.485bn rub. prior year; revenues declined 6.11% to 30.039bn rub. from 31.994bn rub.; operating losses - 11.58 fold to 191.269mln rub. from 2.216bn rub.; pretax losses - 3.6 fold to 1.514bn rub. from 5.446bn rub.
The 2013 net profit (RAS) increased 33.27% to 68.281mln rub. from 51.237mln rub.; revenues rose 3.3% to 29.536bn rub. from 28.59bn rub.; profit from sales - declined 10.55% to 2.096bn rub. from 2.343bn rub.; pretax profit rose 5.24% to 332.23mln rub. from 315.691mln rub.; EBITDA increased to 3.5bn rub.