December 30, 2020

Metinvest repays part of PXF facility

Metinvest, the international vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), has repaid US$45 million of its pre-export finance (PXF) facility ahead of schedule. Following this, the remainder due under it is US$228 million.

The move was made possible by the Group’s strong liquidity amid favourable steel and iron ore market conditions. The intention is to release Metinvest from scheduled principal repayments under the facility for the next few months, providing further flexibility for servicing the debt portfolio and underscoring the Group’s prudence in managing its liabilities.

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