08
Feb
12:51
Mechel to hold 'vital' debt extension vote in March
Mechel has reached an agreement with major lenders to extend its debt maturity until 2017, while on most loans maturity may be extended until 2020.
The lending banks have also agreed to reduce interest rates and write off fines, while some interest payments will be capitalised. In order to complete the restructuring process, Mechel needs several transactions to be approved by an extraordinary shareholders’ meeting on 4 March. According to current law, thes…
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