Novolipetsk Steel reaches out to loan participation noteholders

By Mary-Katherine Stinson

Lexington, Ky., July 19 – Russia’s Novolipetsk Steel is reaching out to noteholders for discussions regarding the servicing of the notes due to sanctions and stabilization measures, according to an announcement.

Specifically, the company is referencing the loan participation notes issued by Steel Funding DAC for the purpose of funding loans to Novolipetsk due June 15, 2023, Sept. 21, 2024, May 30, 2026 and June 2, 2026.

The discussion will also include the possible implementation of solutions which could include amending the note documentation.

Noteholders are asked to email their contact details and their broker’s contact details, the note issuance and the principal amount of notes they currently hold to the address ir@nlmk.com. Questions may also be directed to the company at +7 495 504 0 504 (ext. 227).

The steel company is based in Lipetsk, Russia.

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