OREANDA-NEWS. July 27, 2010. Evraz Group (LSE: EVR) ("Evraz") announces that its subsidiaries have drawn down on the loan facilities from Nordea Bank totalling USD 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 USD 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.