Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest Finance Designated Activity Company: Metalloinvest opens a new
credit line at Credit Bank of Moscow
14-Aug-2020 / 10:11 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Metalloinvest opens a new credit line at Credit Bank of Moscow
Moscow, Russia - 14 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 revolving
credit line with CREDIT BANK OF MOSCOW ("MKB") in the amount of RUB 7 bn.
In line with its Debt Management Strategy, the Company has entered into a
loan agreement with MKB to open a committed revolving credit line in the
amount of RUB 7 bn. The loan has a repayment period within 36 months, the
interest rate is floating and linked to the key rate set by the Bank of
Russia throughout the term of the credit line.
The credit line has been opened to provide a reserve source of liquidity for
the Company.
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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.: 81928
EQS News ID: 1118129
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 14, 2020 03:11 ET (07:11 GMT)
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