OREANDA-NEWS. August 15, 2011. Metinvest B.V. (“the Company”), a parent company of the international vertically integrated steel and mining group of companies, is pleased to announce that it has secured a USD 850 million 5-year amortizing loan coordinated by Deutsche Bank AG. The deal was signed with 5 Mandated Lead Arrangers and Bookrunners: Deutsche Bank AG, ING Bank N.V., Natixis, UniCredit Bank AG, WestLB AG and one Mandated Lead Arranger: BNP Paribas. The Bookrunners are preparing to launch syndication to a wider bank group in September.

The loan, with a grace period of 24 months from the signing date, will be used to refinance Metinvest’s existing high interest bearing loans, primarily the USD 700 million 3-year loan secured in 2010, reducing the interest charge from Libor + 5.5 per cent to the lower rate of Libor + 3.0 per cent per annum.

This is the fourth loan secured by Metinvest in 2011, following earlier loan facilities arranged in February 2011: USD 100 million from UniCredit, USD 75 million from Rabobank Group and USD 175 million standby credit line from Sberbank of Russia.