Metalloinvest Finance Designated Activity Company
Metalloinvest Finance Designated Activity Company: Metalloinvest announces improved commercial terms for tranche B of PXF-2017 credit agreement
Metalloinvest Finance Designated Activity Company (IRSH) Metalloinvest announces improved commercial terms Moscow, Russia – 3 June 2019 – Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces that it has improved the commercial terms for tranche B of its pre-export finance facility (“PXF-2017”), signed in 2017. The addition agreement constitutes a significant decrease in the interest rate margin linked to LIBOR for tranche B, which is in the amount of USD 250 mn and has a maturity period of 2022–2024. It is expected that the changes to the credit agreement will come into force after the fulfilment of a range of standard conditions precedent.
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For more information, please contact: Artem Lavrischev T: +7 (495) 981-55-55, ext. 7243
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 controlled by Holding Company USM LLC. Alisher Usmanov is the major beneficiary of Holding Company USM LLC (49%). |
ISIN: | XS0918297382 |
Category Code: | MSCL |
TIDM: | IRSH |
Sequence No.: | 8927 |
EQS News ID: | 818275 |
End of Announcement | EQS News Service |