OREANDA-NEWS. Metalloinvest announces the prepayment of USD1,000 mn of the outstanding USD2,150 mn pre-export syndicated loan (PXF) using the proceeds from the recent 5.625% Eurobonds due in 2020.

The Company significantly improved its debt maturity schedule by prepaying ahead of the schedule the earliest portion of its PXF – USD750 mn due in 2014 and USD250 mn due in 2015. As a result, the Company has almost no debt maturing over the next 12 months and no USD-denominated debt maturing over the next 24 months.

Metalloinvest raised USD3,100 mn within PXF in April 2011 and partly repaid the facility in the amount of USD700 mn in May 2012 and USD250 mn in March 2013.