Metalloinvest, a leading manufacturer and supplier of iron ore products and hot briquetted iron to the global market and one of the regional high-quality steel producers, announces improved commercial terms for tranche B of pre-export financing (“PXF-2017), raised in 2017.
In accordance with the additional agreement on tranche B in the amount of $ 250 million and the maturity of the loan body in 2022-2024. there will be a significant decrease in the LIBOR-linked interest rate margin. The amendments to the loan agreement are expected to take effect upon completion of a number of standard suspensive conditions.
