2 November 2015
NLMK Group closes USD 400 million pre-export facility
NLMK Group, Russia’s leading steel-making company; and one of the most efficient steelmaking companies in the world, has closed a 4-year USD 400 million pre-export loan facility. The facility secured attractive pricing. The company plans to use the proceeds to refinance its short-term debt, as well as for general corporate purposes.
Societe Generale was appointed Coordinator, Mandated Lead Arranger and Bookrunner for the facility. ING Bank N.V., Nordea Bank AB, PJSC ROSBANK, UniCredit Bank Austria AG, acted as Mandated Lead Arrangers and Bookrunners. Deutsche Bank AG, Natixis, and Bank of America Merrill Lynch acted as Lead Arrangers; China Construction Bank and Bank ICBC acted as Arrangers. Deutsche Bank AG was appointed as Facility Agent and ING Bank N.V. as Security Agent.
Mr. Grigory Fedorishin, NLMK CFO, said: “We are pleased to announce the successful closing of the pre-export loan deal. Leading international banks participated in the transaction, including new lenders that have not previously done business with NLMK.”
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK’s metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.
NLMK has the most competitive production cost among global manufacturers; and one of the highest profitability levels in the sector. The company generated $4.4 billion in revenue; $1.1 billion in EBITDA; and a net profit of $491 million in H1 2015. Net Debt/EBITDA is 0.47. The company has a BBB- credit rating (Fitch). NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).