EVRAZ announced results of the offer to tender Raspadskaya notes

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EVRAZ announced results of the offer to tender Raspadskaya notes

EVRAZ plc (LSE: EVR) announced the results of the offer launched on 29 October 2015 by its subsidiary Evraz Group S.A. (the “Offeror”) to holders of the outstanding notes due 2017 issued by Raspadskaya Securities Limited to tender their notes for purchase by the Offeror for cash at the purchase price of 100% of the notes plus the accrued interest payment in respect of such notes (the “Offer”). The Offer ended at 5:00 pm (London time) on 6 November 2015.

Aggregate principal amount of Notes accepted pursuant to the Offer is US$166,182,000.

Following the Offer completion, the Offeror will hold US$214,482,000 of aggregate principal amount of Notes or 53.6% of total principal amount of notes outstanding. It is not intended to cancel the notes immediately after completion of the Offer.

Payments to noteholders in respect of the notes validly tendered and accepted pursuant to the Offer will be made, inter alia, out of the RUB30 billion 5-year credit facility due in 2020 which has been signed with PAO Bank VTB (“VTB Loan”).  The proceeds of the VTB Loan will also be used for EVRAZ’s other refinancing purposes.





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