1 Apr 2015 11:54

Evraz, Gazprombank agree to refinance $500 mln loan

MOSCOW. April 1 (Interfax) - Russian steel major Evraz and Gazprombank have agreed to refinance a loan for $500 million, the company's senior vice president for finance, Pavel Tatyanin, said during a conference call.

"We have agreed with Gazprombank on refinancing a $500 million loan that was originally planned to be paid back in the fourth quarter of 2016. We've refinanced this loan so now we're going to repay it in two parts in the middle of 2018 and 2019. Under these conditions, we don't have to repay much over the next 20 months," he said.