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The debt of Mechel is 6,44 billion dollars

As of mid-January, Mechel's debt, according to the company, is $ 6,44 billion. On January 15, Mechel reached an agreement with the Credit Bank of Moscow to extend its existing credit lines in the amount of USD 105 million until February 2016.

The devaluation of the ruble had a positive effect for the company, since a third of Mechel's revenue comes from export sales. “As for the devaluation of the ruble, it is not as tragic for us - as for any exporters - as for a business operating exclusively in the Russian markets. For coal and metal that we ship abroad, payments are made in foreign currency ", - earlier in an interview with EastRussia said the CEO of Mechel-Trans Management Company Alexei Lebedev.

The main creditors of Mechel are state-owned banks: Gazprombank, VTB and Sberbank. In December 2014, Mechel agreed with Gazprombank on a compromise debt restructuring option, which it then sent to Sberbank and VTB for further discussion. As stated by the financial director of the company Andrey Slivchenko, we are not talking about any specific dates. However, agreement on debt restructuring must be reached with all creditor banks.

At the beginning of this year, VTB filed claims for 18,9 billion rubles against the foreign Singaporean and Swiss trading structures of Mechel, which account for a quarter of the company's revenue. “The company does not refuse to fulfill its obligations in full and is interested in an amicable agreement with the bank to change the existing payment schedule,” the Mechel press service reported.

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