EVRAZ plc (“EVRAZ”, the “Company” and together with its subsidiaries, the "Group") announces today that it has signed an agreement to dispose of the entire issued share capital of its fully owned subsidiary Joint Stock Company EVRAZ Nakhodka Trade Sea Port (the “Nakhodka Port”) to its majority shareholder Lanebrook Limited (“Lanebrook”) for consideration of US$354.4 million (the “Transaction”). As part of the Transaction, the Company and Nakhodka Port have also entered into a transhipment agreement (the "Transhipment Agreement"), pursuant to which the Group has agreed to supply and Nakhodka Port has agreed to tranship cargoes of coal and metals in specified volumes and at specified tariffs for a period of five years.
EVRAZ plc (the Company) announced today that its indirect subsidiary, EVRAZ Inc. NA Canada (the Issuer), gave the notice to redeem on May 26, 2017 (“Redemption Date) a portion of its 7.5% Senior Secured Notes due 2019 (the “Notes”) equal in aggregate principal amount to $345,000,000, pursuant to Section 3.07(b) of the Notes indenture. The redemption price will be equal to 103.750% of the principal amount of the Notes redeemed plus the accrued and unpaid interest up to, but excluding, the Redemption Date.
EVRAZ plc (LSE: EVR; “EVRAZ” or the “Group”) today released its operational results for the first quarter of 2017.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES (EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS), CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
EVRAZ announces pricing of U.S.$750 million note issue and tender offer results
13 March 2017 - Evraz Group S.A., a wholly owned subsidiary of EVRAZ plc, together with EVRAZ plc announce that Evraz Group S.A. has priced a U.S.$750 million notes issuance with maturity in March 2023, the coupon rate of 5.375% per annum. The notes will be issued by Evraz Group S.A.
The closing and settlement are expected to be completed on 20 March 2017.
Evraz Group S.A. intends to use the net proceeds of the issue to refinance existing indebtedness, including the financing of purchases of the notes listed below to complete the Tender Offers.
EVRAZ plc (“EVRAZ” or “the Group”; LSE: EVR) today announces its audited financial results for the year ended 31 December 2016.