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Metalloinvest announces loan agreement extension
13 February 2017
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 signing of an additional loan agreement with ING BANK (EURASIA) (“the Bank”).
According to the terms of the agreement, the Bank has increased the limit of the Company’s revolving credit line from USD 100 mn to USD 150 mn and extended the duration of the loan by two years.
The Bank has also improved the terms of the floating interest rate linked to LIBOR. The extension of the credit line provides the Company with an additional source of liquidity in order to maintain its financial stability.
Director of Investor Relations & Corporate Ratings Department
Tel.: +7 (495) 981-55-55
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