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MMK secures USD 500 mln Facility

10 Sep 2013 12:05

RNS Number : 6337N
OJSC Magnitogorsk Iron &Steel Works
10 September 2013
 



 

 

Magnitogorsk, "10" September 2013 News Release

 

 

MMK secures USD 500 mln Facility

 

Magnitogorsk Iron and Steel Works ("MMK"), one of leading global steel producers, has successfully obtained a US$ 500 mln unsecured term loan facility ("Facility") from a club of 5 banks.

 

ING Bank N.V., Nordea Bank, ZAO Raiffeisenbank and RBI AG (together RBI Group), Sberbank CIB and UniCredit acted jointly with UniCredit also undertaking the role of Sole Coordinator and Facility Agent.

The Facility is structured as a 4-year unsecured term loan facility, including 18-month grace period. Proceeds will be used for the refinancing of short-term elements of MMK's credit portfolio and other general corporate purposes.

 

About MMK

MMK (external ratings: Fitch - BB+, Moody's - Ba3) is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2012 the company produced 13 million tonnes of crude steel and 11.9 million tonnes of commercial steel products. MMK Group had sales in 2012 of USD 9,328 million and EBITDA of USD 1,356 million.

 

Contacts:

Investor Relations Department:

Andrey Serovtel.: +7 (3519) 24-52-97E-mail: serov.ae@mmk.ru 

MMK Communications Department:

Sergei Vykhukholev

tel.: +7 (926) 776-18-88E-mail: vykhukholev.sv@mmk.ru

Alexander Proskurovtel.: +7 (3519) 24-63-03E-mail: proskurov@mmk.ru

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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MSCEAFNEFELDEFF
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17th Apr 20187:02 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q1 2018
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30th Jan 20186:14 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q4&FY 2017 Financial Results
25th Jan 20186:05 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q4 and FY 2017
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3rd Nov 20179:43 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q3&9M 2017 Financial Results

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