More NewsMetinvest Secures US$850m Loan Facility

Metinvest Secures US$850m Loan Facility

Metinvest has closed a US$850m pre-export facility. The majority of the proceeds will be used to replace two existing pre-export finance facilities on improved terms. The tenor of the new loan is five years, paying an interest margin of 3% per annum over LIBOR.

The deal was signed with five mandated lead arrangers and bookrunners: Deutsche Bank, ING Bank, Natixis, UniCredit Bank, WestLB, and one mandated lead arranger: BNP Paribas. Deutsche Bank is also acting as co-ordinating mandated lead arranger, facility agent and security trustee.

The bookrunners are preparing to launch syndication to a wider bank group in September. The exercise will be relationship defining and will target an increase of the facility amount.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha