Interpipe Holdings Limited (Cyprus), the holding company of the group “Interpipe”, conducted through PJSC “Interpipe Nizhnedneprovsky tube rolling plant” (“Interpipe NTRP”, Dnepr) the decision on the bond issue for a nominal amount of up to $430 million with interest rate up to 10.25% per annum and a maturity of $150 million until 31 December 2023, and the remaining amount until December 31, 2024.
As reported in the official information of the enterprise in the system of the securities Commission, this decision was made by the extraordinary General meeting of shareholders pyatnicu.
The shareholders agreed to guarantee “Interpipe NTRP” under the agreement between Interpipe Holdings Limited as the Issuer of bonds and trust company Madison Pacific Trust Limited as Trustee of the ruler of the bonds.
The meeting also approved the limit of providing society bails of $1.75 billion, among which the credit agreement with Interpipe Holdings Limited ING Bank N. V. and other banking institutions as lenders for a loan amount up to $100 million Also agreed NALOGOVOY the security of property and assets of the company with Madison Pacific.
Interpipe is among the ten largest producers of seamless pipes, is the third largest producer of forged railway wheels in the world.
The structure is of five industrial assets “Interpipe Nizhnedneprovsky tube rolling plant (NTRP)”, “Interpipe Novomoskovsk pipe plant (nmpp)”, “Interpipe Niko-tube”, “Dnepropetrovsk Vtormet” and arc-furnace complex “Ukraine” brand “Interpipe Steel”.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and members of his family.