• Eng

Uralkali Signs US$1.2 Billion 5-year Pre-Export Facility


Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, has signed a loan agreement in the amount of US$1.2 billion with 16 international banks.

ING Bank N.V., Natixis and AO UniCredit Bank acted as Global Coordinators.

Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were ING Bank N.V., Natixis, AO UniCredit Bank, Sberbank Europe AG, Societe Generale Corporate & Investment Bank and Public Joint-Stock Company Rosbank.

Bank of China (Hungary) Close Ltd, Credit Agricole Corporate and Investment Bank and Intesa Sanpaolo Bank Ireland Plc joined the facility as Mandated Lead Arrangers.

Bank of America Merrill Lynch International Limited, AO Citibank, Commerzbank AG Filiale Luxemburg, Deutsche Bank AG (Amsterdam Branch), and AO Raiffeisenbank became Lead Arrangers and IKB Deutsche Industriebank AG, Agricultural Bank of China (Moscow) Limited and Bank ICBC (Joint Stock Company) acted as arrangers of the facility.

ING Bank N.V. also acted as Documentation Agent, Facility and Security Agent.

AO UniCredit Bank also acted as a Passport Bank.

Natixis and Societe Generale became market hedge providers and Credit Agricole Corporate & Investment Bank, ING Bank N.V., Intesa SanPaolo Milan Spa, Natixis and Societe Generale acted as fixed rate providers.

The interest rate is LIBOR plus 325 bps margin with a loan maturity of 5 years. The loan will be used for general corporate purposes including refinancing of Uralkalis existing loans.

Anton Vishanenko, Uralkali CFO, commented:

The new self-arranged credit facility demonstrates strong commitment from leading international banks to provide financing support to Uralkali. Despite unstable situation on commodity markets the Company managed to attract the largest syndicated loan in its history from 16 banks-participants.

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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