Ferrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years.
According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of 2017.
In particular, the interest on the loan of $500 million will amount to 4.5% to Libor. And the loan has to be returned by November 8, 2022. (Ukrainian metal)
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