Evraz raises $750m, lenders stick to pre-virus terms

Adobe_Evraz_230x150_31March2020
By Mariam Meskin
31 Mar 2020

London-listed Russian steel firm Evraz has raised a syndicated loan with lenders honouring the pricing terms agreed before the outbreak of coronavirus that has wreaked havoc in markets.

The loan is a $750m unsecured credit facility, which matures in 2025. 

A consortium of 10 international banks underwrote the transaction. ING led the deal. 

The facility can be drawn until March 18, 2021.

Pricing on the deal has not been disclosed, though bankers close to the deal confirmed that lenders ...

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