18
Apr
16:38
Court approves Mechel debt restructuring deal with Sberbank
Mechel’s agreement with Sberbank to restructure debt totalling approximately RUB 30 billion ($427 million) has been approved by the courts.
The settlements and loan agreements set the grace period until April 2017 and loan maturity in April 2020 to be paid in monthly instalments, and postpone 40% of interest payment.
The settlement regarding the RUB 17 billion debt of Chelyabinsk Metallurgical Plant is due to be completed shortly as the court …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous