KOKS Group may seek holder consents to amend $350 million of 7¾% notes

By Susanna Moon

Chicago, Feb. 15 - KOKS Group is evaluating whether it needs to amend the covenants for the $350 million 7¾% loan participation notes due 2016 issued by KOKS Finance Ltd. for the purpose of financing a loan to OAO KOKS.

KOKS Group also obtained covenant amendments to its credit lines with Sberbank, which has given the company "additional flexibility in its financing of important, strategic investment projects, including the construction of the Butovskaya and Tikhova mines," which are expected to begin production in the first half of 2013 and second half of 2014, respectively, according to a company press release.

The company is a coke and pig iron producer and miner based in Moscow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.