American operations

Evraz Holding took out a USD 225 loan maturing in 2014 to boost its operations in the United States. The money will be utilized for providing working capital to the company’s American assets. The company gave lenders a security interests in its accounts receivables. The loans were given by a syndicate of banks. The coordinator for the loan is GE Capital Markets. The co-organizers providing financing also included ING, UBS, and Natixis.     

Evraz has three principal operations on the North American continent: Ipsco, Claymont Steel, and Evraz Oregon Steel Mills.  

Evraz Group is one of the world’s largest vertically-integrated enterprises in the mining and metallurgy sector. The company has operations in Russia, the U.S, Italy, the Czech Republic, and South Africa.

The largest shareholder of Evraz is Lanebrook (72 percent), whose 50-50 beneficiaries are Millhouse (holding company for tycoon Roman Abramovich and his business associates) and Alexander Abramov together with Alexander Frolov.