Around 85% of Mechel creditors on the syndicate loan of $1 billion support the restructure conditions.
In November 2017 Mechel reported that over half of the creditors supported them. The company continued negotiating.
For the deal to be successful the company needed the approval of at least 75% of creditors.
At present some 78% of Mechel’s debt has been restructured (75% as of Q2 2017). Debts in rubles account for 67% of the total amount, with major Russian state banks holding 71% of the debt. (Ukrainian metal)