Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest Finance Designated Activity Company: Metalloinvest announces
ECA backed financing deal under the existing framework agreement
25-Jun-2020 / 12:01 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Metalloinvest announces ECA backed financing deal
under the existing framework agreement
Moscow, Russia - 25 June 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 signing of an agreement
with ING Bank for ECA backed financing in the amount of EUR 11.7 mn.
The agreement with ING Bank is concluded under the existing framework
agreement signed with twelve international banks in August 2019.
The credit line will be used to finance previously incurred expenses under
the contract with Danieli Centro Combustion S.p.A. for the equipment supply
under the investment project for the construction of the heat treatment
facility for hot-rolled steel at OEMK.
Insurance cover will be provided by Servizi Assicurativi del Commercio
Estero (SACE), the Italian export credit agency.
The loan provided under the agreement with ING Bank will be repaid in equal
semi-annual payments over the course of 10 years.
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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%).
ISIN: XS0918297XXX
Category Code: MSCL
TIDM: IRSH
Sequence No.: 72016
EQS News ID: 1078639
End of Announcement EQS News Service
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June 25, 2020 05:01 ET (09:01 GMT)
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