Metinvest attracts USD 850 mln syndicate loan

Metinvest, Ukraine’s largest steelmaker, attracted a USD 850 mln 5-year amortizing loan to replace two existing facilities. The new loan will mature in five years, Metinvest said in a statement. Deutsche Bank AG, ING Bank NV, Natixis, UniCredit Bank AG, and WestLB AG were lead arrangers and book runners for the deal while BNP Paribas was a lead arranger, according to the statement. The loan is Metinvest’s fourth this year, following earlier facilities arranged in February: USD 100 mln from UniCredit, USD 75 mln from Rabobank, and USD 175 mln standby credit line from Sberbank Russia.