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Metinvest repays another part of PXF facility

18 July 2018

Metinvest, the vertically integrated group of steel and mining companies, has settled another part of its pre-export finance (PXF) facility ahead of schedule.

This underscores the Group’s pledge to lower debt further following the conclusion of the debt refinancing in April 2018, the largest transaction by a Ukrainian corporate to date. In it, Metinvest refinanced US$2,271 million of debt through two new bond issues totalling US$1,592 million and a US$765 million PXF facility. The transaction also generated another US$205 million in liquidity, with which the Group voluntarily settled ahead of term the PXF repayment due in the first year after the transaction.

Amid decent cash flow, Metinvest has now voluntarily paid another part of the PXF facility, following which the remainder due is US$528 million.

For editors:

Andriy Bondarenko
Head of Investor Relations
Tel.: +41 22 591 03 74 (Switzerland)
Tel.: +380 44 251 83 24 (Ukraine)
andriy.bondarenko@metinvestholding.com

Yana Kalmykova
Manager of Investor Relations
Tel.: +380 44 251 83 36 (Ukraine)
yana.kalmykova@metinvestholding.com

METINVEST GROUP is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets, and has two operating segments, Metallurgical and Mining. Its strategic vision is to become a leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above the industry benchmarks. For the first quarter ended 31 March 2018, the Group reported revenues of US$3.0 bn and an EBITDA margin of 21%.

METINVEST HOLDING, LLC is the management company of Metinvest Group.