KYIV, Oct 25 – Interpipe, the international vertically integrated tube and wheel company, on Friday announced that it had completed debt restructuring with partial writing off the group's existing debt to its major financial lenders, including $200 million worth of '17 secured notes with a 10.25% coupon.

"As a result of the restructuring, the Group's existing debt has been reduced and the remaining debt amended and restated as a series of new notes and several new loan facilities. As part of the restructuring, the issuer has issued U.S.$309,192,058 in aggregate principal amount of 10.25%. Guaranteed Notes due 2024 ('New Notes') and 3,054 units of Performance Securities ('Performance Securities)," the group said in a statement on October 25.