Mechel restructures PXF debt

In:

Metals and Mining

Region:

Europe

Russian miner Mechel has secured an extension to the maturity of its $1 billion pre-export financing (PXF) as it seeks to improve its credit position. The restructuring will see the loan’s final maturity extend until Q1 2022 after publically-listed Mechel secured the support of 75% of its...

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