DTEK Energy restructures $2 billion in debt

DTEK Energy has completed the process of restructuring its loan portfolio, which provides for the conversion of the current issue of Eurobonds and the principal amount of bank debt into new Eurobonds. DTEK Energy and the lenders found a mutually beneficial solution, which made it possible to approve the terms of loan restructuring at the meetings of committees of Eurobond holders, creditor banks, according to a statement by the company.

The agreement with creditors, approved by the High Court of Justice of England and Wales, entered into force on May 17, 2021.