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Metinvest repays two loans

Metinvest B.V., the parent company of the international vertically integrated steel and mining group of companies (jointly referred to as “Metinvest Group”), today announced the repayment of a US$75 million pre-export facility and a US$40 million loan facility.

Metinvest Group secured the two-year US$75 million pre-export facility with an interest margin of 3% per annum over LIBOR from Rabobank International in January 2011 for financing ongoing asset modernisation and general corporate purposes.

The three-year US$40 million loan with an interest margin of 6% per annum over LIBOR was provided to the Group by Amsterdam Trade Bank N. V. in March 2010. The loan that was issued for general corporate purposes has been repaid ahead of schedule.

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