Key Developments: EVRAZ plc (EVRE.L)

EVRE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EVRAZ plc gives Q4 2014 production guidance
Thursday, 16 Oct 2014 02:00am EDT 

EVRAZ plc:Says production of steel and total steel products is expected to increase in Q4 2014 compared to Q3 2014, albeit at the expense of a further shift in favour of production of semi-finished products due to seasonal change in demand.  Full Article

EVRAZ plc's EVRAZ North America files registration statement for proposed IPO
Friday, 26 Sep 2014 10:28am EDT 

EVRAZ plc:Says that EVRAZ North America, a subsidiary of EVRAZ plc, announced that it has filed a registration statement with the Securities and Exchange Commission (the SEC) relating to the proposed initial public offering (IPO) of ordinary shares in the company.The number of shares to be offered and the price range for the offering have not yet been determined.EVRAZ North America intends to use the net proceeds of the proposed offering to complete the acquisition of certain North American assets from EVRAZ, to repay existing intercompany debt to EVRAZ, and for general corporate purposes.Following the IPO, EVRAZ will continue to be the majority owner of EVRAZ North America.The proposed IPO does not represent a change to EVRAZ North America's operating model or business strategy.Citigroup and Goldman, Sachs & Co. are acting as the joint book runners for the proposed offering.  Full Article

EVRAZ plc considers IPO of EVRAZ North America
Friday, 19 Sep 2014 12:01am EDT 

EVRAZ plc:Says that in response to certain market rumours, EVRAZ plc (EVRAZ), announces that it is currently considering a registered initial public offering of ordinary shares of its North American subsidiary, EVRAZ North America (the company).Any offering would commence after the SEC completes its review process, which would be initiated by the filing of a registration statement.The company has not filed a registration statement but may do so in the foreseeable future.As previously announced, EVRAZ remains committed to its North American operations and continuing to grow its business in North America.  Full Article

Evraz Plc sells 34 pct stake in EVRAZ Highveld
Wednesday, 13 Aug 2014 06:01am EDT 

Evraz Plc:Signs an agreement to sell 34 pct of issued share capital of EVRAZ Highveld Steel and Vanadium Ltd (EHSV or Highveld) held by EVRAZ to Macrovest 147 Proprietary Limited (Macrovest).Says for ZAR 289 mln (equivalent of $27 mln as of Aug. 12).It has been agreed that Macrovest will also refinance 50 pct of outstanding working capital facility provided by EVRAZ plc.Purchaser of shares, Macrovest, is led by Barend Petersen, chartered accountant with local and global experience.Sale of such interest in Highveld to local strategic investor is an important step to ensure sustainable development of Highveld as South Africa's leading steel and vanadium business.  Full Article

EVRAZ signs $425 mln syndicated PXF
Wednesday, 13 Aug 2014 02:20am EDT 

Evraz Plc:Announces signing by EVRAZ Consolidated West Siberian Metallurgical Plant and EVRAZ Nizhny Tagil Metallurgical Plant (Borrowers) of $425 mln 5-year Pre-Export Credit Facility with syndicate of international banks.Interest under facility is payable at rate equal to LIBOR plus margin calculated by reference to EVRAZ's net leverage ratio, currently set at 3.5 pc, and will amortise in equal quarterly instalments after grace period of 24 months.Facility is secured by Borrowers' export revenues and is guaranteed by parent company EVRAZ plc and EVRAZ's trading company East Metals AG.Proceeds will be used to refinance EVRAZ's existing financial indebtedness.Deal was supported by EVRAZ's relationship banks including Deutsche Bank AG and ING Bank N.V. as Coordinating Mandated Lead Arrangers and Bookrunners, OJSC Nordea Bank as Senior Mandated Lead Arranger.Bookrunner, with Société Générale and Joint Stock Commercial Bank 'ROSBANK' (Open joint-stock company), together referred to as 'SG Group' as Senior Mandated Lead Arrangers and Raiffeisen Bank International AG and ZAO Raiffeisenbank, together 'RBI Group' acting as Mandated Lead Arrangers.  Full Article

Fitch affirms EVRAZ plc rating
Friday, 1 Aug 2014 09:31am EDT 

EVRAZ plc:Fitch Ratings has affirmed holding company Evraz plc's (Evraz) long-term Issuer Default Rating (IDR) at BB-.The outlook on the rating is stable.  Full Article

EVRAZ plc updates on special dividend
Tuesday, 24 Jun 2014 02:00am EDT 

EVRAZ plc:Says special dividend of $0.06 per share.Payable on July 7 to ordinary shareholders who were on the register on June 6.  Full Article

EVRAZ plc declares dividend dates
Friday, 11 Apr 2014 04:44am EDT 

EVRAZ plc:Fixes record date as June 06.Fixes Ex-dividend date June 04.Payment date is July 07.Declares dividend as 6 US cents.  Full Article

EVRAZ PLC recommends dividend of 6 cents
Wednesday, 9 Apr 2014 02:03am EDT 

EVRAZ PLC:Recommend a dividend of 6 cents per share.  Full Article

EVRAZ plc sells EVRAZ Vitkovice Steel
Friday, 4 Apr 2014 12:00am EDT 

EVRAZ plc:Sells its wholly owned EVRAZ Vitkovice Steel (EVS) to private investors (Martinley Holdings Ltd, Nabara Holdings Ltd, Vitect Services Ltd, Hayston Investments Ltd and Dawnaly Investments Ltd, with each buying 20 pct of EVS), for $89 million adjustable for the actual level of EVS working capital.In addition the buyers have assumed $198 million of EVS debt liabilities, including the repayment of $128 million of EVRAZ's inter-company debt.EVRAZ will apply the sales proceeds for general corporate purposes, including, but not limited to, the repayment of some of its debt.EVS, which has been a part of the company since Nov. 2005, is a manufacturer of steel hot rolled products located in Ostrava in the Czech Republic.In 2013, EVS produced 571 thousand tonnes of steel products.The plant employs just over 1,000 people.It is expected that the transaction will not affect EVS production or the composition and number of its work force.  Full Article

UPDATE 1-Steelmaker Evraz's U.S. unit files for IPO

Sept 26 - Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares.

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