OREANDA-NEWS. Metinvest B.V., the parent company of the international vertically integrated steel and mining Group of companies (jointly referred to as “Metinvest”), today announced that it has secured a USD 560 million, three-year pre-export facility (the “Facility”). The Facility reached the USD 300 million level in the first stage in November 2012 and was increased by USD 260 million at the stage of syndication with international financial institutions. The Facility pays an interest margin of 5.25% per annum over LIBOR and will be used to fund the Group’s capital expenditure programme and for general corporate purposes.

Deutsche Bank AG acted as Coordinating Mandated Lead Arranger for the Facility. Deutsche Bank AG, RBI, Natixis, ING Bank N.V., VTB and Gazprombank acted as Mandated Lead Arrangers.

Sergiy Novikov, Chief Financial Officer of Metinvest, commented: “We had originally planned to increase the Facility by USD 100 million, but the Facility was oversubscribed in syndication and we took the opportunity to raise USD 260 million. We are very pleased that we continue to attract such a high level of interest from international banks, as reflected by the diversity of institutions taking part in the syndication, and we see this as a vote of confidence in our business and long-term strategy.”