Press Room

Metalloinvest announces a change in the terms of its PXF-2017 credit agreement

20 August 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 a change in the terms of its pre-export finance facility (“PXF-2017”) signed in May 2017 with a syndicate of international and Russian banks.

The changes relate to the USD 800 million tranche A and envisage a reduction in the interest rate margin linked to LIBOR, as well as an extension of the debt maturity from 2020–2022 to 2021–2023. It is expected that the changes to the additional credit agreement will come into force after the fulfilment of a range of standard conditions precedent.

The terms of tranche B under the PXF-2017 agreement have remained unchanged: the USD 250 million tranche with a maturity period in 2022–2024.

Note for Editors:

More information about the PXF-2017 can be found here:

Metalloinvest improves loan portfolio parameters

Artem Lavrischev

Artem Lavrischev

Director of Investor Relations & Corporate Ratings Department
Tel.: +7 (495) 981-55-55

For more information, please contact the Investor Relations Department:


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