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Metalloinvest Improves Liquidity Position by Opening New Credit Line with Sberbank

Steel News - Published on Tue, 04 Aug 2020

Image Source: Metalloinvest Credit Line Sberbank
Metalloinvest announced the opening of a new credit line with Sberbank. In line with its Debt Management Strategy, the Company has entered into a new loan agreement with the Bank. The new committed revolving credit line in the amount of up to RUB 15 bn has a repayment period within 36 months, with a fixed interest rate throughout. The credit line has been opened to provide a reserve source of liquidity for the Company.

The new credit line allows the Company to enhance its liquidity position by increasing its available funds, extending the credit line maturity and improving the commercial conditions of its previous credit line with the Bank.

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Posted By : Yogender Pancholi on Tue, 04 Aug 2020
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