Moscow, Russia – September 15, 2015 – Mechel OAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports signing an amicable settlement as part of the lawsuit brought by Eurasian Development Bank against Yakutugol Holding Company OAO. The settlement agreement provides for a restructuring of credit lines that had been granted by Eurasian Development Bank.
Mechel OAO’s subsidiary Yakutugol Holding Company OAO signed an agreement with Eurasian Development Bank on revising the payment schedule for its 1.9-billion-ruble loan received earlier.
According to the agreement, the loan’s maturity was extended until June 22, 2018.
The loan’s security pledge remains unchanged.
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Mechel OAO
Ekaterina Videman
Phone: +7 495 221-88-88
ekaterina.videman@mechel.com
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