Evraz signs $750m unsecured credit facility
Evraz
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Evraz has signed a $750m syndicated unsecured credit facility, it announced on Friday, maturing in 2025.
The FTSE 100 steel giant said the facility was arranged and fully underwritten by a group of 10 international banks.
It said the facility was available for drawing until 18 March 2021.
“The proceeds of the facility will be used for general corporate purposes, including refinancing of the public debt maturities upcoming in the first quarter of 2021,” Evraz said in its short statement.
At 1226 GMT, shares in Evraz were up 2.17% at 214.35p.