20th Mar 2020 14:24
(Alliance News) - Evraz PLC said Friday it has signed a USD750 million syndicated unsecured credit facility, maturing in 2025.
The facility was arranged and fully underwritten by a group of 10 international banks, Evraz said.
The steel maker said the facility is available for drawing until March 18, 2021.
"The proceeds of the facility will be used for general corporate purposes, including refinancing of the public debt maturities upcoming in the first quarter of 2021," Evraz added.
Shares in Evraz were 6.6% higher in London on Friday afternoon at 223.70 pence each.
By Paul McGowan; [email protected]
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