Novolipetsk Steel wins votes for resolutions for notes due 2026

Chicago, Sept. 20 – Novolipetsk Steel announced the successful results from its adjourned meeting on Sept. 19 relating to the $500 million 4.7% loan participation notes due 2026 (ISIN: XS1843435337, US85812RAB50), according to an announcement.

The consent solicitations involved Steel Funding DAC loan participation notes.

At the meeting, two extraordinary resolutions were put to a vote, and both the amendment resolution and the waiver resolution were passed.

The amendment extraordinary resolution modifies the trust deed, the conditions, the paying agency agreement, the loan agreement and global certificates.

The waiver extraordinary resolution approved a waiver of any breaches by the issuer and Novolipetsk resulting from the non-payment of interest on the dollar notes and the corresponding amount of interest under the loan agreement until Dec. 31.

Questions should be directed to the information and tabulation agent, i2 Capital Markets (nlmkconsent@i2capmark.com or +44 20 3633 1212).

Questions may also be directed to the corporate finance and investor relations department of NLMK Group (ir@nlmk.com or +7 495 504 0 504 (ext. 227)).

The steel company is based in Lipetsk, Russia.

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