Ilyich Steel

Ilyich Steel - OeKB Covered Loan

Borrower (s)
Ilyich Steel
Industry
Metals and Mining/Base metals
Area of finance
Export & Agency Finance
Country
Ukraine

Deal Overview

Metinvest has secured a buyer credit facility for its subsidiary Ilyich Steel, a steelmaking plant based in Mariupol in Ukraine. This facility is covered by an export guarantee of the Republic of Austria issued by Oesterreichische Kontrollbank Aktiengesellschaft OeKB, which served as the export...

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Metinvest has secured a buyer credit facility for its subsidiary Ilyich Steel, a steelmaking plant based in Mariupol in Ukraine. This facility is covered by an export guarantee of the Republic of Austria issued by Oesterreichische Kontrollbank Aktiengesellschaft OeKB, which served as the export credit agency. The funds will be used to finance the purchase and installation of a hydraulic down coiler for Ilyich Steel’s hot strip mill 1700, which will be supplied by Primetals Technologies Austria, a leading global full-line supplier of metallurgical plant solutions. 

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Deal Volume
$ 10.68m
Financial Close
10 April 2020
Sources

All Dealmakers

Tranches


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