Ferrexpo Plc intends to get a renewable credit line for $500 million until September 30, 2021.
According to the agenda of Poltava Mining and Processing Works shareholders meeting scheduled for July 17, the borrowers will be Ferrexpo Finance plc, Ferrexpo AG, and Ferrexpo Middle East FZE, while PGOK will act as the pledge.
PGOK shareholders at the meeting will have to approve of the decision, and empower the board chairman to carry out all negotiations. (Ukrainian metal)