Mechel gets repayment break with restructuring deal

Russian mining and metals firm Mechel has negotiated a year’s repayment holiday on $1bn of remaining debt from a September 2010 loan by signing a debt restructuring deal with lenders.

  • 06 Dec 2012

The restructuring was co-ordinated by ABN Amro, ING, Société Générale and its Russian subsidiary Rosbank and UniCredit.

BNP Paribas, Caterpillar Financial Services, Commerzbank, Industrial and Commercial Bank of China (ICBC), Natixis and VTB also joined the bank syndicate.

Mechel will begin repaying the loan debt after a year’s ...

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