Press Room

Metalloinvest announces new EUR 300 mn credit line agreement with banks

19 September 2019

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 opening of a new credit line for pre-export financing (the PXF-2019) with a club of international and Russian banks.

The PXF-2019 loan amounts to EUR 300 mn and has a 4.25 year tenor with a quarterly amortisation after the grace period set at 3.75 years. The interest rate is fixed for the entire loan period.

The agreement has been reached in accordance with the Companys Debt Management Strategy. After disbursement, the funds will be used to improve the commercial terms of the Companys loan portfolio, including through enhancement of the maturity profile, diversification of foreign currency liabilities and a reduction in borrowing costs.

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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