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MTL Metals Exploration Plc

4.55
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration Plc LSE:MTL London Ordinary Share GB00B0394F60 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.55 4.40 4.70 4.55 4.55 4.55 287,324 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 166.68M 119.25M 0.0569 0.80 95.37M

Russia's Mechel Says $1.5 Billion Bridge Loan Refinancing Agreed

26/05/2009 3:19pm

Dow Jones News


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Russian coal and steel company OAO Mechel (MTL) said Tuesday it has reached an agreement on the basic principles of refinancing its $1.5 billion bridge loan for a term of up to three and a half years.

The company said after negotiations with the banking syndicate, which provided it with a one-year loan to finance the purchase of Oriel Resources Ltd., it was granted Friday with a two-month payment term extension. The new payment date is July, 15, Mechel said.

The extension period will be used to execute the refinancing agreement, said the company, adding that participating banks of the syndicate are currently undergoing internal procedures to get the final approval of the conditions of the agreement.

-By Alexander Kolyandr, Dow Jones Newswires; +44 20 7842 9410; alexander.kolyandr@dowjones.com

 
 

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