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Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest Finance Designated Activity Company: Metalloinvest announces
partial refinancing of its loan portfolio
19-Apr-2019 / 16:21 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Metalloinvest announces partial refinancing of its loan portfolio
Moscow, Russia - 19 April 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 partial refinancing of
its loan portfolio.
In accordance with the Debt Management Strategy aimed at reducing the
finance costs and optimising the credit portfolio maturity, the Company
singed a new loan agreement with Gazprombank in the amount of RUB 8.33 bn
with a 6-year tenor.
Raised funds are used in full for the early repayment of one of Sberbank
loan, which repayment was scheduled for the first quarter of 2020. As a
result, the Company has practically zero debt maturities in the period Q2
2019 - Q1 2020.
# # # #
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 Holding Company USM LLC. Alisher Usmanov is
the major beneficiary of Holding Company USM LLC (49%), with other major
beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri
(8%).
ISIN: XS0918297382
Category Code: MSCL
TIDM: IRSH
Sequence No.: 8281
EQS News ID: 802105
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 19, 2019 09:21 ET (13:21 GMT)
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