VTB Bank has provided EVRAZ ZSMK, a part of EVRAZ Group, a multi-currency seven-year credit facility worth US $300 million. EVRAZ Plc, EVRAZ NTMK and EVRAZ KGOK are acting as loan guarantors. The loan will be used to refinance existing corporate debt.
Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, said: “VTB issues loans to companies in the real economy, providing them with the full range of financial and banking products and services. Our mutually beneficial cooperation with EVRAZ Group helps the company achieve its goals and expand its business.”
EVRAZ is a vertically-integrated steel and mining company with assets in Russia, Ukraine, the United States, Canada, the Czech Republic, Italy, Kazakhstan and South Africa. The company is among the world’s largest steel producers. In 2015, EVRAZ produced 14.3 million metric tons of steel. The company’s own iron ore and coking coal resources cover EVRAZ’s internal needs almost in full. The company is part of the London Stock Exchange’s FTSE 250 Index. EVRAZ has about 90,000 employees worldwide. In 2015, EVRAZ’s consolidated revenue amounted to US$ 8.767 billion, and its consolidated EBITDA stands at US$ 1.438 billion.