Russia's Severstal secures $300 mln loan from Sberbank

MOSCOW, June 15 (Reuters) - Severstal, Russia's biggest steel maker, secured a $300 million 3-year credit line from Sberbank, the bank said in a statement on its website on Monday.

The loan will be used to renew Severstal's working capital and for refinancing part of the company's short-term debt, the statement said.

(Reporting by Dmitry Sergeyev, editing by Toni Vorobyova) Keywords: SEVERSTAL LOAN/ ([e-mail]; Tel: [phone], Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.