Mechel to have repayment holiday
Edited by Rhod Mackenzie / 2013-11-26 05:30:53
Today the Mechel group reported it had achieved an agreement on a covenant vacation on a consortium loan to the total amount of $1 billion till the end of 2014.
The agreement was signed on behalf of syndicate of the leading international banks, including ING Bank, Societe Generale, UniСredit, Commerzbank, Raiffeisen Bank International, VTB, Caterpillar Financial Services Сorporation and ICBC.
The borrowers were the main enterprises of the mining division: Yakutugol and Southern Kuzbass Coal Company.
