OREANDA-NEWS. December 10, 2012. Metinvest B.V., the parent company of the international vertically integrated steel and mining Group of companies (jointly referred to as “Metinvest”), today announced that it has secured a USD 300 million 3-year pre-export finance facility (the “Facility”). The Facility pays an interest margin of 5.25% per annum over LIBOR and has a grace period of one year. The proceeds of the Facility will be used to fund the Group’s capital expenditure programme and for general corporate purposes.

Deutsche Bank AG acted as Coordinating Mandated Lead Arranger and Bookrunner, Natixis and ING Bank N.V. acted as Initial Mandated Lead Arrangers and Bookrunners for the syndication, while Raiffeisen Bank International AG acted as Mandated Lead Arranger.

Sergiy Novikov, Chief Financial Officer of Metinvest, commented: “As we stated at the time of the announcement of our financial results for the first half of 2012, we intended to raise around USD 225 million before the end of the year, and we are very pleased with the high level of interest from the banks which allowed us to increase this amount to USD 300 million. The secured facility will support the implementation of our revised long-term technological upgrade programme which prioritizes initiatives with the shortest payback period and is aimed at ensuring higher quality of products, reduced costs and enhanced operational efficiency.”