Evraz Inc. NA Secures Bank Financing
12/23/2009 - The closing of a US$225 million four-year committed revolving credit facility for Evraz Group S.A.'s U.S. wholly owned subsidiary, Evraz Inc. NA, will help the company finance its working capital requirements.
Evraz Group S.A. has announced the closing of a US$225 million four-year committed revolving credit facility for its U.S. wholly owned subsidiary, Evraz Inc. NA. The facility is secured with the inventories and receivables of the company and its operating subsidiaries (ABL).
The funds will be used to finance Evraz Inc. NA’s working capital requirements and for other corporate purposes.
The credit facility was arranged by a group of banks coordinated by GE Capital Markets, Inc., with UBS, ING, and Natixis acting as the joint mandated lead arrangers.
