The company attracted a loan of $240 million

Metalloinvest signed an agreement with club of banks on attraction of pre-export financing (“PXF-2018”) in the amount of $240 million Term a new loan is 5 years with a grace period of 4 years and amortization in the last 12 months, the interest rate tied to LIBOR, says the company.

“Attract PXF 2018 is the full early refinancing denominated in USD liabilities of the company 2018-2019, and the optimization of terms and cost of borrowing. The use of the credit will be implemented after the fulfillment of certain standard conditions precedent,” said the company.

The deal was attended by eight financial institutions from Europe and Russia.

The company attracted a loan of $240 million 11.01.2018

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