CHICAGO--(BUSINESS WIRE)--EVRAZ North America plc (the “Company”) announced today that its subsidiary, EVRAZ Inc. NA Canada (the “Issuer”) gave notice that it will redeem a portion of its 7.5% Senior Secured Notes due 2019 (the “Notes”) equal in aggregate principal amount to $345,000,000 on May 26, 2017 (the “Redemption Date”) pursuant to Section 3.07(b) of the Notes indenture. The redemption price will be equal to 103.750% of the principal amount of the Notes redeemed plus the accrued and unpaid interest up to, but excluding, the Redemption Date.
The Issuer intends to redeem the remaining part of the Notes under a separate notice within the second quarter of 2017.
EVRAZ North America plc (the Company) is a wholly owned subsidiary of EVRAZ plc, one of the largest vertically integrated steel and mining businesses in the world. The Company is a leading North American producer of engineered steel products for rail, energy and industrial end markets. The Company has six production sites located in the USA (Portland, Oregon; Pueblo, Colorado) and Canada (Regina, Saskatchewan; Calgary, Camrose and Red Deer, Alberta).
EVRAZ is a registered trademark of EVRAZ Group S.A.