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Evraz subsidiary takes out loan
RBC, 15.08.2008, London 10:51:44.Evraz Inc. N.A., North American division of the Russian mining and metallurgical company Evraz Group, has secured a $725m loan, Evraz indicated in an announcement today. The loan is a five-year non-renewable credit line worth $550m and a five-year loan of $175m. The floating-rate is LIBOR+2.5 percent and LIBOR+3.25 percent, respectively. The company plans to use the funds to refinance its current debt. RBS Greenwich Capital and GE Capital GE acted as the managers for the credit line, while RBS Greenwich Capital acted as the loan manager.
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