Mechel raises 2 bln dollars syndicated loan to refinance debt

摘要

Mechei has raised a 2-billion dollars pre-export facility to refinance existing debt, the Russian coal and metals group said in a press release. The new facility is split between the borrowers in the mining segment (Yakutugol and Southern Kuzbass Coal Company, 857.1 million dollars each), steel (Chelyabinsk Metallurgical Plant, 95.3 million dollars) and ferroalloy (South Urals Nickel Plant, 190.5 million dollars) and is drawn in two tranches, a three-year and a five-year one.