• Eng

Uralkali Signs US$825 million 5-year Pre-Export Facility

29.06.2018
Uralkali Statement

Uralkali (the Company; Moscow Exchange: URKA), one of the worlds largest potash producers, has signed a loan agreement in the amount of US$825 million with 11 international banks.

Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were MUFG Bank, Ltd., Crédit Agricole Corporate & Investment Bank, Credit Agricole Corporate and Investment Bank Joint Stock Company, ING BANK N.V., SOCIETE GENERALE, PJSC ROSBANK and AO UniCredit Bank.

Intesa Sanpaolo Bank Luxembourg S.A., Banca Intesa, NATIXIS and PJSC BANK URALSIB became Lead Arrangers, and Deutsche Bank AG, Amsterdam Branch, HSBC Bank plc and AO Raiffeisenbank acted as Arrangers of the Facility.

ING Bank N.V., SOCIETE GENERALE and PJSC ROSBANK also acted as Facility Coordinators, ING Bank N.V. as Documentation Agent, and Credit Agricole Corporate and Investment Bank as Facility and Security Agent.

PJSC ROSBANK and AO UniCredit Bank also acted as a Russian Account Banks.

The interest rate is LIBOR plus 190 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 and participation of new partner banks demonstrate strong commitment from leading international financial institutions. High demand for the deal illustrates positive global potash market conditions, which have been going on since mid-2017, in particular we see strong price growth in Brazil and South-East Asia. 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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