18 April 2013 // Press center Metinvest Group
Metinvest B.V., the parent company of the international vertically integrated steel and mining Group of companies (jointly referred to as “Metinvest”), today announced that it has secured a US$560 million, three-year pre-export facility (the “Facility”). The Facility reached the US$300 million level in the first stage in November 2012 and was increased by US$260 million at the stage of syndication with international financial institutions. The Facility pays an interest margin of 5.25% per annum over LIBOR and will be used to fund the Group’s capital expenditure programme and for general corporate purposes.
Deutsche Bank AG acted as Coordinating Mandated Lead Arranger for the Facility. Deutsche Bank AG, RBI, Natixis, ING Bank N.V., VTB and Gazprombank acted as Mandated Lead Arrangers.
Sergiy Novikov, Chief Financial Officer of Metinvest, commented: “We had originally planned to increase the Facility by US$100 million, but the Facility was oversubscribed in syndication and we took the opportunity to raise US$260 million. We are very pleased that we continue to attract such a high level of interest from international banks, as reflected by the diversity of institutions taking part in the syndication, and we see this as a vote of confidence in our business and long-term strategy.”
- For editors:
METINVEST GROUP is a vertically integrated steel and mining group of companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. The Group is structured into two operating divisions, Metallurgical and Mining, and its strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above the industry benchmarks. For the 12 months ended 31 December 2012, the Group reported revenues of US$12.6 billion and an EBITDA margin of 16%.
The major shareholders of METINVEST B.V. (the holding company of Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Company’s management.
METINVEST HOLDING LLC is the management company of Metinvest Group.
For further information, please visit www.metinvestholding.com
Andriy Bondarenko
Head of Investor Relations
Tel: +380 62 388 16 24