Market Overview

Mechel Announces Prolongation of 22-Billion-Ruble Credit Facilities


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


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