Novolipetsk Steel secures €240m BBF

In:

Metals and Mining

Region:

Europe

By Daniel Pembrey

Vertically integrated steel company Novolipetsk Steel (NLMK) signed a four-year €240 million ($272 million) borrowing base facility (BBF) on 20 December 2018 for its subsidiaries NLMK Plates Sales and NLMK Verona. Proceeds will be used to refinance a 2015 €250 million BBF and will be split...

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