DEPA secures funds for deliveries, source says

Greece’s natural gas firm DEPA has secured 100 million euros ($126.8 million) in bank loans to pay for deliveries until the end of August, a company official said on Wednesday.

“The money was cashed in earlier today. It gives us a breather to pay for July and August deliveries,» the official said on condition of anonymity.

The loans was made by the Loans and Consignment Fund, a small state-owned lender. DEPA’s main natural gas provider is Russia’s Gazprom. [Reuters]