Metalloinvest (the "Company"), a leading manufacturer and supplier of iron ore products and hot briquetted iron in the world market, one of the regional producers of high-quality steel, announces the opening of a new credit line with Sberbank (hereinafter referred to as the Bank).
As part of the implementation of the strategy for managing the loan portfolio, the Company entered into a new agreement with the Bank. Opened revolving credit line with a commitment of up to RUB 15 billion. provides for a period to maturity of 36 months, the interest rate is fixed for the entire term of the loan. The credit line is concluded for the purpose of providing a reserve source of liquidity for the Company.
This line allows to improve the parameters of the Company's liquidity by increasing the amount of available funds, lengthening the term of the line, as well as improving commercial conditions in relation to the Bank's earlier credit line. p>
