MECHEL COMPLETES RESTRUCTURING SYNDICATED PRE-EXPORT LOAN
Moscow, Russia – January 22, 2019 – Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports refinancing its one-billion-dollar syndicated pre-export facility with a pool of international lenders.
The restructuring became possible by a credit line in euro granted by VTB Bank with maturity in April 2022. The grace period on the body of the debt is set until April 2020.
Debt buyback from lenders yielded Mechel financial revenue totaling about 13 billion rubles.
“Refinancing the syndicated loan enabled us to reduce the share of the Group’s unrestructured debt from 22% to 8%, decrease the number of foreign lenders in our overall debt portfolio, synchronize the loan’s conditions and debt repayment schedule with current conditions of our loans lent by Russian banks, as well as reduce borrowing costs,” Mechel PAO’s Chief Financial Officer Nelli Galeyeva noted.
Recent MTL News
- Mullen Group Ltd. Announces Election of Directors and Appointment of Senior Officers • PR Newswire (US) • 05/08/2024 09:16:00 PM
- Mullen Group Ltd. Announces Election of Directors and Appointment of Senior Officers • PR Newswire (Canada) • 05/08/2024 09:16:00 PM
- Mullen Group Ltd.Closes Acquisition of ContainerWorld Forwarding Services Inc. • PR Newswire (US) • 05/03/2024 06:07:00 PM
- Mullen Group Ltd.Closes Acquisition of ContainerWorld Forwarding Services Inc. • PR Newswire (Canada) • 05/03/2024 06:07:00 PM
- Mullen Group Ltd. Reports 2024 First Quarter Financial Results • PR Newswire (US) • 04/25/2024 10:00:00 AM
- Mullen Group Ltd. Reports 2024 First Quarter Financial Results • PR Newswire (Canada) • 04/25/2024 10:00:00 AM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (US) • 04/23/2024 04:15:00 PM
- Mullen Group Ltd. 2024 First Quarter Earnings Conference Call and Webcast • PR Newswire (US) • 04/08/2024 09:02:00 PM
- Mullen Group Ltd. 2024 First Quarter Earnings Conference Call and Webcast • PR Newswire (Canada) • 04/08/2024 09:02:00 PM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (Canada) • 03/21/2024 04:25:00 PM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (US) • 03/21/2024 04:25:00 PM
- Mullen Group Ltd. Announces Renewal of Normal Course Issuer Bid • PR Newswire (US) • 03/07/2024 11:00:00 AM
- Mullen Group Ltd. Announces Renewal of Normal Course Issuer Bid • PR Newswire (Canada) • 03/07/2024 11:00:00 AM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (US) • 02/21/2024 05:23:00 PM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (Canada) • 02/21/2024 05:23:00 PM
- Mullen Group Ltd. Announces 2023 Fourth Quarter Financial Results and Filing of Disclosure Documents • PR Newswire (US) • 02/15/2024 11:00:00 AM
- Mullen Group Ltd. Announces 2023 Fourth Quarter Financial Results and Filing of Disclosure Documents • PR Newswire (Canada) • 02/15/2024 11:00:00 AM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (Canada) • 01/24/2024 11:37:00 PM
- Mullen Group Ltd. Announces Declaration of Monthly Dividend • PR Newswire (US) • 01/24/2024 11:37:00 PM
- Mullen Group Ltd. To Acquire ContainerWorld Forwarding Services Inc. • PR Newswire (Canada) • 01/17/2024 11:00:00 AM
- Mullen Group Ltd. To Acquire ContainerWorld Forwarding Services Inc. • PR Newswire (US) • 01/17/2024 11:00:00 AM
- Mullen Group Ltd. 2023 Year-End and Fourth Quarter Earnings Conference Call and Webcast • PR Newswire (Canada) • 01/15/2024 10:49:00 PM
- Mullen Group Ltd. 2023 Year-End and Fourth Quarter Earnings Conference Call and Webcast • PR Newswire (US) • 01/15/2024 10:49:00 PM
- Mullen Group Ltd. Increases Bank Credit Facilities to $375.0 Million • PR Newswire (US) • 01/08/2024 11:00:00 AM
- Mullen Group Ltd. Increases Bank Credit Facilities to $375.0 Million • PR Newswire (Canada) • 01/08/2024 11:00:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM