Zaporizhstal intends to attract a loan of $18 million from Ukrgazbank.
The extraordinary meeting of the shareholders will decide on the issue.
The loan will be attracted for the period of not more than 5 years, with the interest rate of 7% to 9%.
The meeting will order the CEO Rostislav Shurma or another person, serving as the acting CEO, to pledge the machinery valued at no more than 1.1 billion UAH to the bank.
The meeting will be held on December 26. (Ukrainian metal)