print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  MMK REGISTER LOG IN

Press Releases > MMK  all about the company

company search
all press releases
all MMK press releases

MMK

October 11, 2013

MMK secures USD 500 mln Facility

Magnitogorsk Iron and Steel Works (“MMK”), one of leading global steel producers, has successfully obtained a US$ 500 mln unsecured term loan facility (“Facility”) from a club of 5 banks.

ING Bank N.V., Nordea Bank , ZAO Raiffeisenbank and RBI AG (together RBI Group), Sberbank CIB and UniCredit acted jointly with UniCredit also undertaking the role of Sole Coordinator and Facility Agent.

The Facility is structured as a 4-year unsecured term loan facility, including 18-month grace period. Proceeds will be used for the refinancing of short-term elements of MMK’s credit portfolio and other general corporate purposes.

About MMK

MMK (external ratings: Fitch – BB+, Moody’s – Ba3) is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2012 the company produced 13 million tonnes of crude steel and 11.9 million tonnes of commercial steel products. MMK Group had sales in 2012 of USD 9,328 million and EBITDA of USD 1,356 million.

Contacts:

Investor Relations Department:

Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru

MMK Communications Department:

Sergei Vykhukholev

tel.: +7 (926) 776-18-88
E-mail: vykhukholev.sv@mmk.ru

Alexander Proskurov
tel.: +7 (3519) 24-63-03
E-mail: proskurov@mmk.ru

 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer