Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest Finance Designated Activity Company: Metalloinvest improves
liquidity position by opening new credit line with Sberbank
03-Aug-2020 / 13:01 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Metalloinvest improves liquidity position
by opening new credit line with Sberbank
Moscow, Russia - 03 August 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 opening of a new credit
line with Sberbank ("the Bank").
In line with its Debt Management Strategy, the Company has entered into a
new loan agreement with the Bank. The new committed revolving credit line in
the amount of up to RUB 15 bn has a repayment period within 36 months, with
a fixed interest rate throughout. The credit line has been opened to provide
a reserve source of liquidity for the Company.
The new credit line allows the Company to enhance its liquidity position by
increasing its available funds, extending the credit line maturity and
improving the commercial conditions of its previous credit line with the
Bank.
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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
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: XS0918297382
Category Code: MSCL
TIDM: IRSH
Sequence No.: 79501
EQS News ID: 1108257
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 03, 2020 06:01 ET (10:01 GMT)
