Mechel announces redemption of corporate bonds
Moscow, Russia - July 16, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), the leading Russian the mining and metallurgical company announces that it has paid off all its public debt obligations.
Mechel announces the full redemption of its 04 series bonds in accordance with the established schedule. Thus, the company has completed the fulfillment of all undertaken obligations for bond issues, which were restructured in 2015-2016.
In 2015-2016. bondholders approved the restructuring of obligations for series 04, 13, 14, 17, 18, 19 with a total par value of RUB 30 billion, having waived the right to demand early repayment. The amount of paid coupon yield on the above issues amounted to 24.9 billion rubles at rates from 8% to 19%.
“We have fully fulfilled all our obligations on the public debt and express our gratitude to the bondholders of PJSC“ Mechel ", which in a difficult period for us met halfway and agreed to the terms of restructuring acceptable for the company," said Oleg Korzhov, General Director of Mechel PAO.
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PAO Mechel Ekaterina Videman Tel .: [email protected]
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Mechel is a global mining and metallurgical company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
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Certain statements in this press release may contain assumptions or predictions about upcoming events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to warn you that these statements are only assumptions, and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Annual Report on Form 20-F. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.
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