Copying and distributing are prohibited without permission of the publisher
Mechel – pre-export financing
02 March 2011
Setting a benchmark in Russian metals
Mechel’s $2 billion pre-export loan signed in September 2010 stands out automatically as the first refinancing of a major restructuring closed in 2009. The deal was the largest pre-export done in the Russian metals and mining sector in Russia last year as well as the first deal in the sector to achieve a five-year tenor tranche since the financial crisis.
The deal signed one-year after it finished its restructuring process and attracted 13 international relationship banks despite the still then challenging market conditions. As a bench mark deal the refinancing was closely watched by banks and others firms as a test of market...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
