Press Room

Metalloinvest announces improved commercial terms for tranche B of PXF-2017 credit agreement

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 20222024. It is expected that the changes to the credit agreement will come into force after the fulfilment of a range of standard conditions precedent.

Artem Lavrischev

Artem Lavrischev

Director of Investor Relations & Corporate Ratings Department
E-mail: ir@metalloinvest.com
Tel.: +7 (495) 981-55-55

For more information, please contact the Investor Relations Department:

 
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