Evraz signs $800 million loan with Vnesheconombank

Back to the news list

Evraz signs $800 million loan with Vnesheconombank

December 15, 2008 – Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces signing of a US$800 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).

All the proceeds under this loan agreement were used to refinance the Company's short-term debt.

As announced earlier, VEB approved credit lines for Evraz to refinance the Company’s indebtedness under the syndicated loans in the amount of US$1,006.6 million and US$800 million.

# # #

For further information:

Evraz Group
Corporate Affairs and Investor Relations
Alexey Ivanov
Tel: +7 495 232 1370