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11:47, 25 August 2020

Metalloinvest Opens New Credit Lines for Refinancing Purposes

Metalloinvest, a leading global iron ore and HBI producer and supplier, one of the regional producers of high-quality steel and a Metal-Expo regular exhibitor, announces the opening of two credit lines in the amount of RUB 20 bn.
In line with its Debt Management Strategy, the Company has entered into new loan agreements with Gazprombank and Sberbank, according to which the banks opened two credit lines of RUB 10 bn each. Both credit lines mature in 2026. The Company plans to use these credit lines in order to partially refinance and improve the commercial terms of its loan portfolio.

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