EnglishMechel - Targoviste will borrow over 17 million USD from Mechel Trading AG through two loan contracts denominated in EUR and USD. Mechel will obtain 12,120,000 USD and 4,902,000 EUR from the Swiss-based company to finance current operations. The interest will be LIBOR + 2% for the USD loan and EURIBOR + 2% for the EUR loan. The company did not collateralize either loan.
Mechel - Targoviste processes ferrous metals and ferroalloys and has a share capital of 172,125,307.5 RON, divided into shares with a face value of 2.5 RON/share. Mechel shares are listed on the Bucharest Stock Exchange (BSE) as COS. The main shareholders are Mechel International Holdings AG with 86.6% and SIF Oltenia with 8.92%.
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