OREANDA-NEWS. February 18, 2011. Metinvest (“the Company”), the international vertically integrated mining and steel group of companies, today announced that it has secured a USD  75 million 2-year pre-export finance loan from Rabobank Group. The loan will be used to support Metinvest’s ongoing asset modernization and for general corporate purposes.

This is the first loan secured by Metinvest in 2011. In 2010, the Company attracted a USD  700 million syndicated loan arranged by Deutsche Bank AG and provided by a syndicate of 14 banks. According to Thomson Reuters Loan Pricing Corp. (LPC), it was the largest loan secured by a private Ukrainian company over the last two years. Previously, a USD  1.5 billion syndicated loan obtained by Metinvest in July 2007 was recognised as the largest credit facility secured by a private Ukrainian entity.