The country's second-largest producer of coking coal said its board of directors had approved the facility to be arranged by UBS Limited and Citigroup Global Markets Limited.
Raspadskaya comprises a group of enterprises, including three mining ventures, a mine under construction, a preparation plant and transport and infrastructure businesses, in West Siberia's Kuzbass coal basin.
Raspadskaya is one of the leading suppliers to the largest Russian smelters and also exports its output to Ukraine and Eastern Europe.
The company held an initial public offering on Russia's RTS and MICEX last November, raising $316.7 million.
Raspadskaya is 80% controlled by Cyprus-based Corber Enterprises Limited, which is co-owned on a parity basis by the Raspadskaya management and Evraz Group, Russia's largest steel and mining company.
