Ferrexpo gets $420 million credit facility at Libor plus 225 bps

By Sara Rosenberg

New York, Sept. 2 - Ferrexpo plc closed on a new $420 million five-year credit facility that is priced at Libor plus 225 basis points, according to a news release.

ING Bank, UniCredit Bank, and Société Générale Corporate and Investment Banking acted as coordinating mandated lead arrangers and bookruners on the deal. Other bookrunners included West LB and ICBC London plc.

The company said in the release that the facility provides the necessary financial flexibility to continue the development of its project pipeline.

Ferrexpo is a Switzerland-based iron ore company.

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