Evraz NTMK and Evraz ZSMK will raise credit of $425 million for 5 years

Evraz NTMK (Nizhny Tagil metal works) and Evraz ZSMK (West-Siberian metal works) have closed the contract about attraction of the 5-year credit for a total sum of $425 million with the syndicate of the international banks, with floating interest rate of LIBOR + margin that is initially 3.5% per annum and will change later depending on the ratio of net debt of Evraz to EBITDA for the latest 12 months (net leverage). Paying off of the major debt for the credit will be accomplished in equal payments after expiring of the beneficial period of 24 months.