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Metalloinvest improves liquidity position by opening new credit line with Sberbank
3 August 2020
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 with Sberbank (“the Bank”).
In line with its Debt Management Strategy, the Company has entered into a new loan agreement with the Bank. The new committed revolving credit line in the amount of up to RUB 15 bn has a repayment period within 36 months, with a fixed interest rate throughout. The credit line has been opened to provide a reserve source of liquidity for the Company.
The new credit line allows the Company to enhance its liquidity position by increasing its available funds, extending the credit line maturity and improving the commercial conditions of its previous credit line with the Bank.
Director of Finance and Economics Development Department
Tel.: +7 (495) 981-55-55
For more information, please contact the Finance and Economics Development Department