EVRAZ North America plc Announces Partial Redemption of the 7.5% Senior Secured Notes Due 2019 Issued by EVRAZ Inc. Canada
CHICAGO--(BUSINESS WIRE)-- EVRAZ North America plc (the “Company”) announced today that its subsidiary, EVRAZ Inc. NA Canada (the “Issuer”) gave notice that it will redeem a portion of its 7.5% Senior Secured Notes due 2019 (the “Notes”) equal in aggregate principal amount to $345,000,000 on May 26, 2017 (the “Redemption Date”) 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 the Notes under a separate notice within the second quarter of 2017.
About EVRAZ
EVRAZ North America plc (the Company) is a wholly owned subsidiary of EVRAZ plc, one of the largest vertically integrated steel and mining businesses in the world. The Company is a leading North American producer of engineered steel products for rail, energy and industrial end markets. The Company has six production sites located in the USA (Portland, Oregon; Pueblo, Colorado) and Canada (Regina, Saskatchewan; Calgary, Camrose and Red Deer, Alberta).
EVRAZ is a registered trademark of EVRAZ Group S.A.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170426006490/en/
EVRAZ North America plc
Christian Messmacher
Vice President –
Investor Relations
312-533-3520
[email protected]
Source: EVRAZ North America plc
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility
- Wordans Launches New Eco-Friendly Apparel Line for Sustainable Business Solutions
- MDEX Revolutionizes Digital Asset Market with Introduction of NFT Trading Functionality
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!