17 February 2011 // Press service Metinvest
Metinvest (“the Company”), the international vertically integrated mining and steel group of companies, today announced that it has secured a US$ 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 US$ 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 US$ 1.5 billion syndicated loan obtained by Metinvest in July 2007 was recognised as the largest credit facility secured by a private Ukrainian entity.
- Editorial notice and contact details:
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Metinvest is an international vertically integrated mining and steel group of companies, operating assets in each link of the production chain from iron ore and coal mining and coke production, through to semi-finished and finished steel production, pipe rolling and coil production and production of other value-added products. The Group comprises mining and steel production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. The major share-holders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.
For further information
Investor contact:
Andriy Bondarenko
Corporate Finance
+38 062 388 16 24
ir@metinvestholding.comMedia contact:
Ivan Shmidik
Public Relations
+ 38 062 388 16 80
pr@metinvestholding.com