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Metalloinvest Finance Designated Activity Company

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DGAP-UK-Regulatory News vom 20.08.2020

Metalloinvest opens new credit lines for refinancing purposes

Metalloinvest Finance Designated Activity Company (IRSH)
20-Aug-2020 / 20:56 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

 

Metalloinvest opens new credit lines for refinancing purposes

 

Moscow, Russia - 20 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 two credit lines in the amount of RUB 20 bn.

In line with its Debt Management Strategy, the Company has entered into new loan agreements with Gazprombank and Sberbank, according to which the banks opened two credit lines of RUB 10 bn each. Both credit lines mature in 2026.

The Company plans to use these credit lines in order to partially refinance and improve the commercial terms of its loan portfolio.

 

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If you have any questions, please contact us:

Artem Lavrischev
Investor Relations

E: ir@metalloinvest.com

T: +7 (495) 981-55-55, ext. 7243

 

Anton Troshin

Public Relations

E: pr@metalloinvest.com

T: +7 (495) 981-55-55, ext. 7629

 

 

 

 

 

 

Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.

Metalloinvest is wholly owned by Holding Company USM LLC. Alisher Usmanov is the major beneficiary of Holding Company USM LLC (49%).




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