Ferrexpo gets $230 million pre-export financing loan via Deutsche Bank

By Sara Rosenberg

New York, Dec. 4 - Ferrexpo closed on a new $230 million pre-export financing loan facility, according to a news release.

Deutsche Bank acted as the mandated lead arranger and bookrunner on the deal.

Pricing on the loan is Libor plus 700 basis points.

The loan is available to be drawn starting on Jan. 1, 2010.

Maturity is 36 months from Jan. 1, 2010.

Proceeds will be used for financing and general corporate purposes.

Ferrexpo is a Swiss-based resources company, principally involved in the production and export of iron ore pellets used in producing steel.

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