OREANDA-NEWS. EVRAZ plc (“EVRAZ”) announced that its subsidiary EVRAZ Inc. NA Canada (“EICA”) priced USD 350 million aggregate principal amount of 7.5% senior secured notes due 2019 (the “Notes”) in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The closing of the offering is expected to occur on November 7, 2014, subject to customary closing conditions.

The Notes will be guaranteed on a senior basis by EICA's parent EVRAZ North America Limited (the “Company”), as well as the Company's subsidiary EVRAZ Inc. NA (“EINA”), and certain of EICA's and EINA's subsidiaries. These are generally the same entities that guarantee the Company's existing senior secured credit facility. The Notes and the guarantees will be secured by certain assets of EICA and the guarantors.

The Company intends to use the net proceeds from the offering of the Notes to refinance a portion of its outstanding debt owing to other members of the EVRAZ Group.

The Notes and the related guarantees will not be registered under the Securities Act or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes and the related guarantees will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.