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.
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