LONDON -(Dow Jones)- Kazakhmys PLC announced Tuesday the successful refinancing of the loan facility relating to MKM Mansfelder Kupfer und Messing GmbH ("MKM"), the Group's downstream copper business in Germany.
MAIN FACTS:
-The facility is used to finance working capital requirements to match customer orders.
-The Group has been able to reduce the size of the facility, due to lower copper prices and more efficient management of inventory.
-The three year EUR170 million revolving structured trade finance facility was arranged by Deutsche Bank and was over subscribed in syndication.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com