Metinvest to restructure debt, issue $1.2 bln in new notes March 22
Metinvest plans to finish restructuring debt on eurobonds and pre-export financing (PXF) and issue just over $1.971 billion in new bonds on March 22, the Ukrainian mining and metallurgical holding said in a statement filed with the Irish Stock Exchange.
The holding will also complete the formalities for a new PXF facility worth $1.109 billion.
The company reached agreement with the committee of creditors in May 2016 regarding $89.891 million in notes maturing in 2016, $304.474 million in 2017 and $796.907 million in 2018, all including interest capitalized as of the beginning of September 2016; and $1.07 billion in PFX. In December it proposed converting all notes into one Eurobond issue maturing on December 31, 2021 and all four PXF facilities into one. Debt on these instruments was $2.29 billion on November 30.
Metinvest said on February 8 that the High Court of Justice of England and Wales had approved the restructuring.
Advertising
Advertising
MORE ABOUT
Metinvest offers to buy back part of its senior notes due in 2025 and 2026 worth up to $70 mln
20:59, 30.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Moody's confirms Metinvest's ratings, changes outlook from negative to stable
21:48, 01.04.2024
Metinvest intends to build plant in Italian Piombino as one of most technologically and environmentally advanced of its kind; it to become pilot for our future investments – CEO
18:53, 01.04.2024
Logistics, currency liberalization, transparent reservation important for development of export-oriented companies in wartime – Metinvest CEO
17:59, 27.03.2024
LATEST
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head
19:05, 02.05.2024
Philip Morris to invest $11 mln in launch, commercialization of new version of tobacco heating device in Ukraine
18:24, 02.05.2024
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024