Metalloinvest Informs about New Agreement with Banks
OREANDA-NEWS. March 20, 2014. Metalloinvest (the “Company”) informs about the signing of a pre-export finance dual-tranche facility agreement with a club of international banks, including Deutsche Bank, ING, Societe Generale, BNP Paribas, Credit Agricole CIB, UniCredit Bank, BTMU and Credit Suisse.
The new facility for the total amount of USD 1,150 mn to be repaid in 2016–2019 will be used to refinance the Company’s current pre-export facility due in 2015–2016.
METALLOINVEST is a leading global iron ore and HBI producer and supplier and one of the regional steel producers.
METALLOINVEST extracts and exploits iron ore fr om the second largest measured iron ore reserve base in the world with approximately 14.6 billion tonnes of proven and probable reserves on a JORC equivalent basis and about 150 years of reserve life.
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