Evraz Plc Result of Tender Offer (0097F)
November 09 2015 - 5:25AM
UK Regulatory
TIDMEVR TIDM73RV
RNS Number : 0097F
Evraz Plc
09 November 2015
EVRAZ announced results of the offer to tender Raspadskaya
notes
9 November 2015 - EVRAZ plc (LSE: EVR) announced the results of
the offer launched on 29 October 2015 by its subsidiary Evraz Group
S.A. (the "Offeror") to holders of the outstanding notes due 2017
issued by Raspadskaya Securities Limited to tender their notes for
purchase by the Offeror for cash at the purchase price of 100% of
the notes plus the accrued interest payment in respect of such
notes (the "Offer"). The Offer ended at 5:00 pm (London time) on 6
November 2015.
Aggregate principal amount of Notes accepted pursuant to the
Offer is US$166,182,000.
Following the Offer completion, the Offeror will hold
US$214,482,000 of aggregate principal amount of Notes or 53.6% of
total principal amount of notes outstanding. It is not intended to
cancel the notes immediately after completion of the Offer.
Payments to noteholders in respect of the notes validly tendered
and accepted pursuant to the Offer will be made, inter alia, out of
the RUB30 billion 5-year credit facility due in 2020 which has been
signed with PAO Bank VTB ("VTB Loan"). The proceeds of the VTB Loan
will also be used for EVRAZ's other refinancing purposes.
###
For further information:
Media Relations:
London: +44 207 Moscow: +7 495
832 8998 937 6871
media@evraz.com
Investor Relations:
London: +44 207 Moscow: +7 495
832 8990 232 1370
ir@evraz.com
EVRAZ is a vertically integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine,
Kazakhstan, USA, Canada, Czech Republic, Italy and South Africa.
EVRAZ is among the top steel producers in the world based on crude
steel production of 15.5 million tonnes in 2014. A significant
portion of the company's internal consumption of iron ore and
coking coal is covered by its mining operations. The company's
consolidated revenues for the year ended 31 December 2014 were
US$13,061 million, and consolidated EBITDA amounted to US$2,325
million.
This information is provided by RNS
The company news service from the London Stock Exchange
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