Evraz Inc. NA Canada secures C$300 million credit facility

Monday, 06 September 2010 11:57:06 (GMT+2)

The Russian mining and steel producer Evraz has announced the securing of a C$300 million (about $285 million) four-year committed revolving credit facility by its North American subsidiary Evraz Inc. NA Canada.

The funds will be used to finance the Evraz Inc. NA Canada's working capital requirements and for other corporate purposes.

The credit facility was arranged by a group of banks coordinated by GE Capital Markets, with UBS, ING, Natixis and Deutsche Bank acting as the joint mandated lead arrangers.

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