EVRAZ Signs US$500 Million Credit Facility with Gazprombank
21 October 2011 - EVRAZ Group S.A. (LSE: EVR) ("EVRAZ") announces that its wholly-owned Russian subsidiary EVRAZ NTMK has signed an unsecured 5-year US$500 million credit facility agreement with Gazprombank (Open Joint-stock Company), a major Russian commercial bank.
As a condition precedent to borrowing the new loan, EVRAZ NTMK will prepay the existing US$300 million secured loan that was borrowed in May 2010. The new loan will be utilised for financing operating activities.
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