MECHEL TO REFINANCE ORIEL TAKEOVER WITH UPSTREAM IPO

摘要

The Mechel coal and steel group is raising a bridge-loan of 1.5 billion dollars to buy Oriel Resources, the UK-based mining company, which owns nickel and chrome mining assets in Kazakhstan, and plans to refinance diis in a year with the proceeds from an IPO for the group's upstream assets. A source in banking circles told Interfax that the loan was being raised at LIBOR+2.6 percent for the first half year and at LIBOR+2.9 percent for the remainder of the term. ABN Amro and Merrill Lynch are arranging the loan.