Market Overview

Mechel Announces Prolongation of 22-Billion-Ruble Credit Facilities

Share:

Mechel OAO (NYSE: MTL) announces signing agreements with Gazprombank for the extension of short-term credit facilities totalling 22 billion rubles (approximately 747 million US dollars*).

Gazprombank extended the maturities on revolving credit lines opened for Chelyabinsk Metallurgical Plant OAO, Mechel-Service OOO and Mechel-Energo OOO by 3 to 5 years.

Posted-In: News Financing

 

Related Articles (MTL)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→