Ferrexpo in talks with banks for undrawn revolver as it lines up debt for expansion

Ukrainian iron ore producer Ferrexpo is in talks with banks for a $500m revolving credit facility that it plans to leave undrawn, the borrower’s chief financial officer, Christopher Mawe, told EuroWeek.

  • 05 Aug 2011
The loan is part of the borrower’s strategy to raise $1bn in gross debt to finance the expansion of its production capacity to 12m tonnes of iron ore per year by 2013. Eventually it plans to use its iron ore reserves to increase production to 40m tonnes a ...

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