EVRAZ announces pricing of U.S.$700m note issue

RNS Number : 1419U

Evraz Plc

27 March 2019

 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

EVRAZ announces pricing of U.S.$700 million note issue

27 March 2019 - EVRAZ plc (the "Company") announce that it has priced a U.S.$700 million notes issuance with maturity in April 2024, the coupon rate of  5.25% per annum. The notes will be issued by EVRAZ plc. The closing and settlement are expected to be completed on 2 April 2019.

The Company intends to use the net proceeds of the issue to refinance existing indebtedness, including financing of purchases of notes to complete its tender offer.

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