Metalloinvest | 13 February 2017 г. | 11:30

Metalloinvest announces loan agreement extension

Metalloinvest announces loan agreement extension
Metalloinves today announces the signing of an additional loan agreement with ING Bank.

According to the terms of the agreement, the ING Bank has increased the limit of the Company’s revolving credit line from $100 mln to $150 mln and extended the duration of the loan by two years.

The Bank has also improved the terms of the floating interest rate linked to LIBOR. The extension of the credit line provides the Company with an additional source of liquidity in order to maintain its financial stability.

Source: Metal Supply and Sale Magazine
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