Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest Finance Designated Activity Company: Metalloinvest announces
improved commercial terms for tranche B of PXF-2017 credit agreement
03-Jun-2019 / 10:21 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Metalloinvest announces improved commercial terms
for tranche B of PXF-2017 credit agreement
Moscow, Russia - 3 June 2019 - Metalloinvest, a leading global iron ore and
HBI producer and supplier, and one of the regional producers of high-quality
steel, announces that it has improved the commercial terms for tranche B of
its pre-export finance facility ("PXF-2017"), signed in 2017.
The addition agreement constitutes a significant decrease in the interest
rate margin linked to LIBOR for tranche B, which is in the amount of USD 250
mn and has a maturity period of 2022-2024. It is expected that the changes
to the credit agreement will come into force after the fulfilment of a range
of standard conditions precedent.
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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, ext. 7243
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 controlled by Holding Company USM LLC. Alisher Usmanov is
the major beneficiary of Holding Company USM LLC (49%).
ISIN: XS0918297382
Category Code: MSCL
TIDM: IRSH
Sequence No.: 8927
EQS News ID: 818275
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 03, 2019 03:21 ET (07:21 GMT)
