Evraz borrows $404 million from Nordea Bank
July 27 2010 - 1:32AM
UK Regulatory
TIDMEVR
RNS Number : 9705P
Evraz Group S.A.
27 July 2010
Evraz Borrows US$404 Million from Nordea Bank for Four Years
27 July 2010 - Evraz Group (LSE: EVR) ("Evraz") announces that its subsidiaries
have drawn down on the loan facilities from Nordea Bank totalling US$404 million
which are due to mature in June 2014.
The proceeds have been used to repay Nordea Bank's loans in the amount of US$357
million that were due in the fourth quarter of 2010, as well as certain other
short-term debt.
This transaction is in line with Evraz's policy of substituting the short-term
debt with longer-term maturities.
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For further information:
Media contact:
Evraz Press Office
+7 495 937 6871
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+7
495 232 1370
ir@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. The Company was ranked the 14th largest steel producer in the
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's
internal consumption of iron ore and coking coal is covered by its mining
operations. Evraz's consolidated revenues for the year ended 31 December 2009
were US$9,772 million and consolidated adjusted EBITDA amounted to US$1,237
million.
This information is provided by RNS
The company news service from the London Stock Exchange
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