MECHEL ANNOUNCES THE BUYBACK OF CORPORATE BONDS

EquityStory.RS, LLC-News: PJSC Mechel / Keyword (s): Obligation
16.07.2021 / 12:00 MSK
The issuer is solely responsible for the content of this advertisement.

MECHEL ANNOUNCES THE BUYBACK OF CORPORATE BONDS

Moscow, Russia – July 16, 2021 – Mechel PAO (NYSE: MTL, MOEX: MTLR), one of Russia’s leading mining and metallurgical companies, says it meets all of the company’s public debt obligations.

Mechel reports that the company has fully repaid its Series 04 bonds as previously planned. The company has thus completed fulfilling all the obligations it had assumed regarding the series of obligations restructured in 2015-2016.

In 2015-2016, bondholders approved the restructuring of bonds on bonds of series 04, 13, 14, 17, 18 and 19 with a face value totaling 30 billion rubles, waiving the right to demand the prepayment. The coupon yield redeemed for these series amounted to 24.9 billion rubles with interest rates ranging from 8% to 19%.

“We have completely fulfilled all our public debt obligations and are grateful to the bondholders of Mechel PAO who contacted us when needed and agreed to restructuring terms acceptable to the company,” commented the CEO of Mechel PAO. , Oleg Korzhov. .

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Machel DTP

Ekaterina Videman

Phone: + 7 495 221 88 88

[email protected]

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Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel brings together producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electricity. All of its companies work in a single production chain, from raw materials to high added value products.

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Certain information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents that Mechel files from time to time with the United States Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” of our Form 20-F, which could cause actual results to differ materially. those contained in our projections or forward-looking statements, including, among others, the achievement of the expected levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive prices, the ability to obtain regulatory approvals and licenses required, the impact of developments in the Russian economic, political and legal environment, the volatility of the stock markets or the price of our shares or ADRs, the management of financial risks and the impact of trading conditions general and global economic policies.

07/16.2021 MSK Broadcast of corporate news, transmitted by EquityStory.RS, LLC – a company of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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