Evraz Group has raised a five-year revolving credit facility of $550 million and a five-year term loan of $175 million to refinance the debt of its North American division Evraz Inc. NA.
The Russian steel maker said interest on the two loan facilities was LIBOR + 2.5% and LIBOR + 3.25%, respectively. The loans are secured by the assets of Evraz Inc. NA and its subsidiaries.
RBS Greenwich Capital and GE Capital arranged the credit facility and RBS Greenwich Capital the term loan.