Metalloinvest secures credit line amid ongoing Russia volatility

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By Mariam Meskin
20 Apr 2021

Russian steelmaker Metalloinvest has secured a $350m credit line from international lenders. Metalloinvest is the second Russian corporate to tap international lenders since fresh sanctions were announced against Russia by the United States.

The five year credit line, which has a size up to $350m, has a variable interest rate. Proceeds will be used to refinance the borrower’s existing credit lines raised in 2017 and 2018.

It has the lowest interest rate among all the dollar-denominated loan facilities raised by the company with ...

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