Evraz's North American subsidiary secures CAD300 million of bank financing

Evraz Group S.A. (LSE: EVR) announces the closing of a CAD300 million (approx. $285 million) four-year committed revolving credit facility by Evraz Inc. Canada (the Company). The facility is secured with the inventories and receivables of the Company and its operating subsidiaries (ABL facility).

The funds will be used to finance the Company’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.