Mechel Reports Restructuring Debt with Vnesheconombank
29.09.2017 - 14:55
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing agreement with Vnesheconombank on a loan to Elgaugol OOO for a total of up to 190 million US dollars in order to refinance its obligations to Vnesheconombank.
Vnesheconombank and Elgaugol OOO which is part of Mechel Group’s mining division, signed a loan agreement on financing for a sum of up to 190 million dollars. These funds will be used to repay the company’s current debt to the ...