Mechel Announces Prolongation of 22-Billion-Ruble Credit Facilities

Mechel OAO 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.