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EVRAZ announces tender offers results

Date of publication: 26.04.2016

Pursuant to the tender offers announcement dated 14 April 2016, EVRAZ announces tender offers results as set forth in the table below:

Description of the Notes


Minimum Denomination


Issue Acceptance Amount


 

 

 

Purchase Price


Scaling Factor


Outstanding Principal Amount Following Settlement of the Tender Offers*


U.S.$600,000,000 7.40% Notes due 24 April 2017 issued by the Company (ISIN: XS0652913558; Common Code: 065291355)

U.S.$200,000 and integral multiples of U.S.$1,000 thereafter

U.S.$15,735,000

U.S.$1,050 per U.S.$1,000 in aggregate principal amount of the Notes

Not Applicable

U.S.$249,512,000

U.S.$700,000,000 9.50% Notes due 24 April 2018 issued by the Company (ISIN: XS0359381331; Common Code: 035938133)

U.S.$100,000 and integral multiples of U.S.$1,000 thereafter

U.S.$29,608,000

U.S.$1,085 per U.S.$1,000 in aggregate principal amount of the Notes

Not Applicable

U.S.$323,325,000

U.S.$850,000,000 6.75% Notes due 27 April 2018 issued by the Company (ISIN: XS0618905219; Common Code: 061890521)

U.S.$200,000 and integral multiples of U.S.$1,000 thereafter

U.S.$123,584,000

U.S.$1,030 per U.S.$1,000 in aggregate principal amount of the Notes

Not Applicable

U.S.$607,728,000

U.S.$400,000,000 7.75% Loan Participation Notes due 27 April 2017 issued by Raspadskaya Securities Limited (ISIN: XS0772835285; Common Code: 077283528)

U.S.$200,000 and integral multiples of U.S.$1,000 thereafter

U.S.$15,499,000

U.S.$1,047.50 per U.S.$1,000 in aggregate principal amount of the Notes

Not Applicable

U.S.$85,173,000

On or about 28 April 2016 (the “Payment Date”), subject to the conditions described in the Tender Offer Memorandum, the Noteholders will be paid (a) the relevant Purchase Price for the validly tendered and accepted Notes, and (b) the Accrued Interest Amount from (and including) the immediately preceding interest payment date for the relevant Issue of the Notes up to but not including the Payment Date.

The Tender Offers have now expired and no further Notes can be tendered for purchase.

The Notes (other than the Raspadskaya 2017 Notes) acquired in the Tender Offers will be cancelled. The Raspadskaya 2017 Notes purchased pursuant to the Tender Offers will be held by the Company for its own account and the Company does not currently intend to transfer them to Raspadskaya Securities Limited for purposes of redemption.

Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offers and the terms and conditions set out in the Tender Offer Memorandum will remain outstanding and will remain subject to the terms and conditions of such Notes.

 

 

 

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For further information:

Media Relations:

London: +44 207 832 8998             Moscow: +7 495 937 6871

media@evraz.com

 

Investor Relations:

London: +44 207 832 8990                           Moscow: +7 495 232 1370

ir@evraz.com

 


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