Press releases | PJSC Uralkali
  • Eng

Uralkali Signs US$850 Million 5-year Pre-Export Facility

16.08.2017

Uralkali (the Company; MICEX: URKA), one of the worlds largest potash producers, has signed a loan agreement in the amount of US$850 million with 11 international banks.

Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Commerzbank AG, Credit Agricole Corporate and Investment Bank, ING Bank N.V., Natixis, PJSC Rosbank/Societe Generale Corporate & Investment Bank and AO UniCredit Bank.

Bank of America Merrill Lynch International Limited, ICBC (JSC), AO Raiffeisenbank joined the facility as Arrangers, Bank of China and IKB Deutsche Industriebank AG acted as Lenders.

ING Bank N.V. and Natixis are Joint Facility Coordinators. Natixis also acted as Documentation Agent, ING Bank as Facility and Security Agent.

AO Commerzbank (Eurasia), PJSC Rosbank and AO UniCredit Bank also acted as a Passport Banks.

The interest rate is LIBOR plus 220 bps margin with a loan maturity of 5 years. The loan will be used for refinancing of Uralkalis existing loans and general corporate purposes.

Anton Vishanenko, Uralkali CFO, commented:

Attractive terms of the deal organised by Uralkali demonstrates strong commitment from leading international banks to cooperate with the Company. We are grateful to our partners for support and long-term trusting relationships and hope for a further fruitful cooperation.

Uralkali (www.uralkali.com) is one of the worlds largest potash producers and exporters. The Companys assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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