Russia-based steelmaker EVRAZ has announced that it has received a $610 million five-year committed revolving credit facility for its US and Canadian wholly-owned subsidiaries (Evraz NA). The facility is an asset-based revolving credit line secured with the inventories and receivables of Evraz NA.
According to the EVRAZ statement, the funds will be used to re-finance the existing $225 million and C$300 million facilities, also for Evraz NA's working capital requirements.