Last checked at 31 Jan 2018 07:00
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
NOTICE OF REDEMPTION
30 January 2018, London. RHI Magnesita N.V. (LSE: RHIM), a global leading supplier of refractory products, systems and services, announces that Magnesita Refratários S.A. (through its fully-owned North American subsidiary Magnesita Refractories Company) has given notice today for the early redemption of the entire principal amount outstanding (US$63.3 million) of its US$ 400 million 7.875% Senior Notes due March 2020, to be effected on 30 March, 2018, at a price equal to 100% of the principal amount plus accrued and unpaid interest.
This initiative is in connection with Company's focus on strengthening its financial positon, improving free cash flow and reducing its interest expenses.
About RHI Magnesita
RHI Magnesita is the result of the combination of RHI and Magnesita to form the global leading supplier of high-grade refractory products, systems and services which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass, among others. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves more than 10,000 customers in nearly all countries around the world.
The Company has unmatched geographic diversification with more than 14,000 employees in 35 main production sites and more than 70 sales offices. RHI Magnesita intends to use its global leadership position in terms of revenue, greater scale, complementary product portfolio and diversified geographic presence around the world to target opportunistically those countries and regions benefitting from more dynamic economic growth prospects.
For more information please visit: www.rhimagnesita.com
Enquiries:
RHI Magnesita N.V.
Eduardo Gotilla, Head of Corporate Finance and Investor Relations
Tel +44 (0) 20 3823 3661
E-mail: eduardo.gotilla@rhimagnesita.com
Stefan Rathausky, Head of Corporate Communications
Tel +43 50213-6059
E-mail: stefan.rathausky@rhimagnesita.com