Evraz Plc (EVR) - EVRAZ amends covenants in bank facilities RNS Number : 6320G Evraz Plc 02 July 2012 EVRAZ agrees amendments to financial covenants in its bank facilities 2 July 2012 - EVRAZ plc (LSE: EVR) hasagreed amendments toits US$950million syndicated structured credit facility maturing in 2015, as well as a number of bilateral facilities, changing the financial covenants as part of its ongoing treasury management. The amendments include the change of maximum net leverage ratio from 3.0x to 3.5x and minimum EBITDA to interest expense ratio from 3.5x to 3.0x. These changes apply to all the bank facilities having financial covenants tested on consolidated financials of EVRAZ's wholly-owned subsidiary Evraz Group S.A., which is the borrower under the syndicated facility and guarantor under the bilateral facilities. The total amount of those facilities is approx. US$1.4billion, of which US$759million is outstanding under the syndicated facility. ### For further information: Investor Relations: Alexander Boreyko Director, Investor Relations London: +442078328990 Moscow: +74952321370 email@example.com Media Relations: Oleg Kuzmin VP, Corporate Communications London: +442078328998 Moscow: +74959376871 firstname.lastname@example.org EVRAZ is a vertically integrated steel, mining andvanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top 20 largest steel producers in the world based on crude steel production of 16.8million tonnes in 2011. In 2011 EVRAZ sold 15.5million tonnes of steel products. A significant portion of the Group's internal consumption of iron ore and coking coal is covered by its mining operations. The Group's consolidated revenues for theyear ended 31December 2011 were US$16,400million and consolidated EBITDA amounted to US$2,898million. This information is provided by RNS The company news service from the London Stock Exchange END MSCRTMLTMBTMMBT -0- Jul/02/2012 09:23 GMT
Evraz Plc EVR EVRAZ amends covenants in bank facilities
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