OREANDA-NEWS. August 16, 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 plus 5.5 per cent to the lower rate of Libor plus 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.