Metallinvest optimizes loan portfolio

Metalloinvest has partially repaid several pre-export finance facilities with scheduled maturity in 2016-2018.

Andrey Varichev, CEO of Metalloinvest, commented: “In July 2016, the Company has redeemed its Eurobonds in the amount of $750 mn and repaid loans for a total amount of $600 mn ahead of schedule. These repayments have reduced Metalloinvest’s debt obligations in 2016-2017 to almost zero.”