MOSCOW, Nov 10 (Reuters) - London-listed Russian oilfield services firm Integra said on Monday it had paid off $60 million of its short term debt and opened up a $22 million credit line with Russia's largest lender Sberbank.
A spokesman for Integra said the firm had short term debt of $395 million at the end of June of this year. It made payments of $60 million and $40 million in the past five weeks.
The $60 million payment included a $15 million loan from ABN AMRO and ING Bank, taking the outstanding debt on its $150 million loan maturing in January 2009 to $135 million, Integra said in a statement.
The firm also paid off a $22 million loan to Sberbank, ensuring a new credit line for Russia's largest oil services company valid over 12 months.
Three loans for a total of $23 million were also paid down to Alfa Bank.
"This demonstrates the ability of the company to secure financing from Russian banks in a very challenging credit market environment," Integra said.
Despite a soaring order book, Integra has had to seek help regarding its refinancing options for debt that matures next year.
In mid-October it paid down $40 million of short term debt to Amsterdam Trade Bank.
(Reporting by Amie Ferris-Rotman and Vladimir Soldatkin) Keywords: INTEGRA/LOAN

(amie.ferris-rotman@reuters.com, +7 495 775 12 42, Reuters Messaging: amie.ferris-rotman.com@reuters.net)

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