KIEV, April 9 – Metinvest has negotiated to shift repayment of the remaining $90 million of seller notes outstanding from 2015 to 2016, the company said in a report on the Irish Stock Exchange on Wednesday.
The seller notes were issued in 2009 to pay for the acquisition of United Coal, a producer of coking and steam coal in the United States.
According to the report, $599 million was initially payable pursuant to seller notes in semi-annual installments through December 31, 2015, the maturity date of the seller notes.
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