Evraz obtain additional funding for Russian subsidiary
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Sunday, 23 Oct 2011
Evraz Group has announced that its wholly owned Russian subsidiary, EVRAZ NTMK has signed an unsecured five year USD 500 million credit facility agreement with Gazprombank a major Russian commercial bank.
As a condition of the loan, EVRAZ NTMK will prepay the existing $300m secured loan that was borrowed in May 2010.
The new loan will be utilized for financing operating activities.
