OREANDA-NEWS. July 21, 2008. Metalloinvest Holding (represented by JSC “Lebedinsky mining and processing plant” and JSC “Oskol electrometallurgical plant”) gets US1,3 billion syndicated loan with the possibility to increase it to US 2 billion. The credit period is 60 months; the loan pays a margin of 2 percent over LIBOR, reported the press-centre of Metalloinvest.

The syndicated loan is aimed at refinancing the existing loans and financing current corporate purposes except mergers and acquisitions.

Among 13 mandated lead arrangers are such banks as ABN AMRO Bank N.V., BTMU (Europe) Limited, Bayerische Hypo- und Vereinsbank AG, BNP Paribas (Suisse) SA, Calyon, Commerzbank Aktiengesellschaft, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), Deutsche Bank AG, Amsterdam Branch, ING Bank N.V., JSB “ORGRESBANK”, Natixis Societe Generale, Sumitomo Mitsui Banking Corporation Europe Limited.

BNP Paribas (Suisse) SA and ING Wholesale Banking are acting as coordinating arrangers, while Commerzbank, Natixis,Orgres и Unicredit are acting as passport banks. The agent by contract is Deutsche Bank.