EVRAZ Aktie

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WKN DE: A1JMT9 / ISIN: GB00B71N6K86

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16.12.2015 11:18:00

Evraz Group S.A. -- Moody's: Tender offer and new notes placement are credit positive for Evraz

London, 16 December 2015 -- Moody's Investors Service has today said that it views as credit positive for Russian steel and mining company Evraz Group S.A. (Evraz; Ba3 stable) the results of its tender offer for outstanding notes and the concurrent placement of its new $750 million notes with maturity in January 2021, as announced on 14 December 2015. The transaction will improve Evraz's liquidity, extend its debt maturity profile and reduce medium-term refinancing risks, without sustainably increasing its leverage and interest burden.

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