30 April 2013
Metinvest B.V., the parent company of the international vertically integrated steel and mining Group of companies (jointly referred to as “Metinvest”), today announces that it has repaid two credit lines.
The first facility was a US$85 million revolving credit line from ING Ukraine issued in March 2012. The facility was repaid on 29 April 2013.
The second facility was a US$175 million, three-year amortised stand-by credit line from Sberbank secured in March 2011. The line was repaid on 30 April 2013, ahead of schedule.
Both credit facilities were used for general corporate purposes and to finance Metinvest’s capital expenditures.
- 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