Mechel Agrees With Sberbank on $1.3 Billion Debt Restructuring

  • Mechel is obliged to pay back 2.8 billion rubles to lender
  • Gazprombank buys some Mechel debt from Russia's biggest bank

Mechel PJSC, Russian coking coal and steel producer, agreed with Sberbank PJSC on a $1.3 billion debt deal after almost two years of talks.

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