REG - Evraz Plc - EVRAZ - PARTIAL REDEMPTION OF 7.5% NOTES DUE 2019 <Origin Href="QuoteRef">EVRE.L</Origin>

EvrazAnnouncement

27/04/2017 07:06

RNS Number : 4756D
Evraz Plc
27 April 2017
EVRAZ PLC ANNOUNCES PARTIAL REDEMPTION OF THE 7.5% SENIOR SECURED NOTES DUE 2019 issued by evraz inc. canada
27 April 2017 - EVRAZ plc (the Company) announced today that its indirect subsidiary, EVRAZ Inc. NA Canada (the Issuer), gave the notice to redeem on May 26, 2017 ("Redemption Date) a portion of its 7.5% Senior Secured Notes due 2019 (the "Notes") equal in aggregate principal amount to $345,000,000, pursuant to Section 3.07(b) of the Notes indenture. The redemption price will be equal to 103.750% of the principal amount of the Notes redeemed plus the accrued and unpaid interest up to, but excluding, the Redemption Date.
The Issuer intends to redeem the remaining part of Notes under a separate notice within the second quarter of 2017.
This transaction is a further step towards gradual reduction of existing indebtedness, as well as reduction of interest payments, and is fully in line with our strategic focus on deleveraging. 
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For further information:
Media Relations:
London: +44 207 832 8998 
Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
London: +44 207 832 8990 
Moscow: +7 495 232 1370
ir@evraz.com

This information is provided by RNS
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