Monday, September 13, 2010

Mechel Reports Raising US$2bln Pre-Export Finance Facility to Refinance Its Existing Debt Obligations

MOSCOW, Sept. 13, 2010 (GLOBE NEWSWIRE) — Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, raised the USbln pre-export facility.

The new facility is split between the borrowers in mining (OJSHC Yakutugol and Southern Kuzbass Coal Company for US7.1 mln each), steel (OAO Chelyabinsk metallurgical plant for US.3 mln) and ferroalloy [...] http://bit.ly/90bDnk

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