• Eng

Uralkali Signs US$665 Million 5-year Pre-Export Facility

20.05.2020

Uralkali (the Company; Moscow Exchange: URKA), one of the worlds largest potash producers, has signed a loan agreement in the amount of US$665 million with 11 international banks.

Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Bank of China Limited, Crédit Agricole Corporate & Investment Bank, ING, Mitsubishi UFJ Financial Group, Russian regional development bank, SGBTCI and Société Générale.

Commerzbank Aktiengesellschaft, Filiale Luxemburg and Mizuho Bank Ltd joined the facility as Mandated Lead Arrangers, J.P. MORGAN SECURITIES PLC and AO Raiffeisenbank as Lead Arrangers, and Bank ICBC (JSC) as Non-Lead Arranger.

ING acted as Coordinator and Documentation Agent.

Crédit Agricole Corporate & Investment Bank acted as Facility Agent and Security Agent.

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:

In current challenging market conditions it is especially important for us that not only our constant partners with long-term trusting relationship demonstrate readiness for cooperation with Uralkali but also credit institutions, including those from the USA and Japan, that havent participated in previous pre-export facilities.

We are grateful to our partners for support, as well as for the objective assessment of the fundamental characteristics of the Russian potash sector, and hope for a further fruitful and mutually beneficial 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 plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs more than 12,000 people in the main production unit. Uralkalis shares are traded on the Moscow Exchange.

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