16
Feb
18:58
NLMK USA secures $250m credit line
NLMK USA has renewed its $250 million credit line for a further four years, Kallanish reports.
The credit line was originally opened in 2011 and will be used to “…finance working capital and general corporate activities,” the company says.
The loan is being administered by Bank of America, with auxiliary services provided by JP Morgan and Citbank. It is backed with NLMK USA’s recievable and inventory, plus a guarantee from Russian par…
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