Metalloinvest Finance Designated Activity Company
Metalloinvest announces partial refinancing of its loan portfolio following credit line agreement with Gazprombank
Metalloinvest Finance Designated Activity Company (IRSH) Moscow, Russia – 03 September 2018 – Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the partial refinancing of its loan portfolio following the signing of a credit line agreement with Gazprombank. In accordance with the terms of the agreement, the Company has raised RUB 18.8 bn with a 6-year maturity. These funds were used in full for the early repayment of the Sberbank loan, due in the first half of 2019. As a result, the Company has almost no principal amount of debt to redeem for the next 16 months. # # # #
For more information, please contact: Artem Lavrischev T: +7 (495) 981-55-55
Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world’s second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers. Metalloinvest is wholly owned by Holding Company USM LLC. Alisher Usmanov is the major beneficiary of Holding Company USM LLC (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (8%). |
ISIN: | XS0918297382 |
Category Code: | MSCM |
TIDM: | IRSH |
Sequence No.: | 5956 |
EQS News ID: | 719887 |
End of Announcement | EQS News Service |