Agreement on principal terms of Metalloinvest PXF Facility
 

Moscow, Russia - 19 April 2017 - Metalloinvest (the 'Company'), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has agreed with a syndicate of banks on the principal terms of a USD 1.05 bn pre-export finance facility with an option to draw an additional USD 450 mn (the '2017 PXF Facility').

The main purpose of this facility is to refinance existing pre-export finance facilities on improved terms and extend their maturity.

The 2017 PXF Facility is expected to bear interest at LIBOR plus an applicable margin and contain customary positive and negative covenants.

The Company is in the process of finalizing the 2017 PXF Facility and intends to complete signing within the next several weeks.


 

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For more information, please contact:
Artem Lavrischev

Director of Investor Relations and Corporate Ratings
E: ir@metalloinvest.com
T: +7 (495) 981-55-55

 

_{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 USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).}