EVRAZ Signs US $500 Million Credit Facility with Gazprombank

EVRAZ Group announced that its wholly-owned Russian subsidiary EVRAZ NTMK has signed an unsecured 5-year US $500 million credit facility agreement with Gazprombank, JSC, a major Russian commercial bank.

As a condition precedent to borrowing the new loan, EVRAZ NTMK will prepay the existing US$300 million secured loan that was borrowed in May 2010. The new loan will be utilized for financing operating activities.