Results of the tender offer for the notes due 2015
Evraz Group S.A. (the “Issuer”), a subsidiary of EVRAZ plc, on 8 December 2014 launched an invitation to holders of the U.S.$750,000,000 8.25 per cent. Guaranteed Notes due 2015 (ISINs: XS0234987153/ US30050AAA16; CUSIP (144A only): 30050AAA1) (the “Notes”) issued by the Issuer, to tender for purchase for cash any and all outstanding Notes, in accordance with the terms and the procedures described in a tender offer memorandum dated 8 December 2014.
On 15 January 2015 the Issuer repurchased and cancelled U.S.$850,000 in principal amount of the Notes. In addition, U.S.$438,212,000 in principal amount of the Notes were repurchased and cancelled on 22 December 2014. Following the expiration of the Tender Offer, U.S.$137,638,000 in principal amount of the Notes remain outstanding. The repurchased and cancelled Notes represent 76 per cent of the principal amount of Notes which were outstanding at the commencement of the Tender Offer (being U.S.$ 576,700,000).
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