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Ukraine s Interpipe boosts exports of pipes, railway products to U S , EU, Middle East markets
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The international vertically integrated pipe and wheel company Interpipe in January-March of this year increased its net profit 2.6 times compared to the same period last year, to $57.142 million from $21.779 million.
Interpipe completes redemption of 2024 notes, to delist them 2 min read
The international vertically integrated tube and wheel company Interpipe announced an early full redemption of its notes due in 2024 for a total of $309.192 million, meeting its obligations undertaken during debt restructuring in October 2019.
The repayment was made on January 26, 2021, according to the company s Tuesday press release.
In October 2019 Interpipe announced the restructuring of its debt, which was formalized with a new issue of notes 2024 and bank loans totaling $400 million.
Over the past year, the company made a series of partial redemptions of its notes: in January for the amount of $98.5 million, $97 million in August, $32.4 million in October, and $74.82 million in December. On January 26, 2021, the company made the final repayment of $6.5 million. In addition, the company paid off $90.8 million in bank debt.
Interpipe to partially redeem 2024 eurobonds for $74.8 mln 2 min read
The Interpipe Pipe and Wheel Company announced its decision to carry out another partial redemption of eurobonds 2024 – this time in the amount of $74.82 million.
As reported in the stock exchange statement of Interpipe Holdings Plc last week, the issuer shall redeem its notes on December 29 this year.
Interpipe CEO Fadi Hraibi at a conference this week announced that the company intends to continue buying back its 2024 eurobonds. Various instruments are also being considered for attracting financing for Capex financing: issuing eurobonds, attracting project financing and attracting bank financing, he said.
At the same time, Hraibi said that there are no immediate decisions on [new] eurobonds.
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