JSC Astana Finance signs a Term Sheet with its Creditors' Committee to restructure Astana Finance's financial indebtedness

JSC Astana Finance signs a Term Sheet with its Creditors' Committee to restructure Astana Finance's financial indebtedness

JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) is pleased to announce that it has entered into a Term Sheet (Term Sheet) with its creditors' committee (the Creditors' Committee) outlining the terms for the proposed restructuring of its financial indebtedness (the Restructuring).

The Company and the Creditors' Committee have agreed in the Term Sheet on the principal terms for the Restructuring, which is subject to certain conditions precedent. The Creditors' Committee comprises Nomura International Plc, Banco Finantia SA, Franklin Templeton Investment Management Limited, Landesbank Berlin AG and Portland Worldwide Investments Ltd.

The Company is pleased with the progress achieved to date, wishes to thank the Creditors' Committee and all of its other creditors for their continued support, and looks forward to completing the Restructuring in the near future. The Term Sheet is already available here

updated 17.11.2009

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