Russian steelmaker Novolipetsk Steel (NLMK) has successfully closed a credit agreement for a total of €93 million with a maturity of 10 years.
The facility will be used to finance NLMK Group's capital expenditure program, notably to complete the construction of its Kaluga Mini-Mill, which is part of the group's long steel division.
Société Générale and Deutsche Bank will act as arrangers for the loan.