Ferrexpo gets USD 420 mln new credit facility
2 September 2011
Ferrexpo (LSE: FXPO LN, N/R) obtained a new USD 420 mln credit facility, the company reported this morning in a press release. The loan can be drawn at any time until the loan matures in five years, including amortization over two years. The new credit facility carries a cost of 225 bps above LIBOR on drawn amounts, and will initially remain undrawn.
