Mechel’s Foreign Lenders Seek More Collateral for Restructuring

MINEX Forum | July 21, 2016
img0 Image: http://scandaly.ru/ Mechel PJSC’sforeign lenders are seeking more collateral before agreeing to restructure $1 billion of the Russian steel and coal producer’s debt, Bloomberg reported. While a prospective deal is mostly agreed, on similar terms to an accord with Russian state lenders, foreign banks want improved security for the borrowings, Chief Financial Officer Sergey Rezontov said in an interview. “The banks ...