23
Jun
16:37
Metalloinvest completes PFX facilities refinancing
Metalloinvest has completed the refinancing of existing pre-export finance (PFX) facilities amounting to $1.03 billion, Kallanish learns from the Russian steelmaker.
Funds were obtained from a new PFX facility provided by a syndicate of international banks with whom a deal was finalised on 5 May. The deal was initially announced in April (see Kallanish 20 April). The steelmaker has consequently improved its debt maturity schedule and reduced debt servicing costs…
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Anonymous
Very good overview of the weekly steel market.
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