AMNS Luxembourg Holding S.A. signs loan agreement
March 17 2020 - 3:45AM
17 March 2020, 08:45 CET
On 17 March 2020, AMNS Luxembourg Holding S.A. (“AMNS”), the
parent company of the AMNS India joint venture in partnership with
Nippon Steel Corporation (“NSC”), entered into a $5.146 billion
ten-year term loan agreement with Japan Bank for International
Cooperation (“JBIC”) and MUFG BANK, LTD. , SUMITOMO MITSUI BANKING
CORPORATION, MIZUHO BANK EUROPE N.V., and SUMITOMO MITSUI TRUST
BANK, LIMITED (LONDON BRANCH). The proceeds of the loan will
be used to refinance in full the amounts borrowed by AMNS in
connection with the acquisition of ArcelorMittal Nippon Steel India
Limited (formerly known as Essar Steel India Limited), including
the amounts borrowed under the $7 billion bridge term facilities
agreement guaranteed by ArcelorMittal.
ENDS
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