Uralkali Signed US$1.25 billion 5-year Sustainability Linked Pre-Export Facility Agreement

09.06.2021

Uralkali (the Company), one of the world’s largest potash producers, for the first time in its history and the first among producers of mineral fertilizers in Central and Eastern Europe has signed the largest in Russia and CIS sustainability-linked syndicated loan agreement in the amount of US$1.25 billion with 18 banks. With the initially launched loan amount of up to US$1 billion, the supply from the banks was over US$1.5 billion, that demonstrates high level of support for the Company's sustainable development strategy by international and Russian financial institutions.

Sustainability key performance indicators, to which the loan agreement is linked cover ecological issues as well as the safety operations of the Company. The base interest rate is LIBOR + 190 bps margin with a loan maturity of 5 years. The loan will be used for refinancing of Uralkali’s existing loans and for general corporate purposes.

Mandated Lead Arrangers and Bookrunners of the pre-export loan facility are ING Bank, Societe Generale, Crédit Agricole Corporate & Investment Bank, Commerzbank Aktiengesellschaft Filiale Luxemburg, Intesa Sanpaolo Bank Ireland PLC, Natixis, AO Alfa-Bank, Russian Regional Development Bank and Sberbank.

AO Unicredit Bank, Black Sea Trade and Development Bank and RCB BANK LTD joined the facility as Mandated Lead Arrangers; Bank īf America Europe Designated Activity Company, Bank Zenit (PJSC) and Commercial Bank «Ak Bars» (PJSC) - as Arrangers, and Deutsche Bank AG Amsterdam Branch, JSC OTP Bank (Russia), OTP Bank PLC and Bank ICBC (JSC) — as Lenders.

ING Bank N.V. acted as the Lead Sustainability Coordinator, Facility Coordinator and Documentation Agent.

Crédit Agricole Corporate & Investment Bank and Société Générale / PJSC Rosbank acted as Sustainability Coordinators.

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

Anton Vishanenko, Uralkali CFO, commented:

Raising ESG financing is an important step in the development of the ESG strategy of the Company and reflects our efforts in the development of production safety and the environment protection in the region of operation.

We highly appreciate the support provided by our long-standing partner banks in this transaction, and we are also glad to welcome new creditors and look forward to further mutually beneficial cooperation.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s 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.

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Cardinal rules

Smoking in mines is prohibited.
Work at heights without wearing a safety harness is prohibited.
Work in electrical installations under voltage is prohibited.
It is forbidden to perform work and stay in the bottomhole zone during the operation of the mining machine.
Loading and unloading operations when people are in the danger zone are prohibited.
Working in underground mines with unsecured and/or unassembled roofing is prohibited.
It is forbidden to carry out repairs and maintenance of conveyors without disconnecting from energy sources, use of conveyors for transfer of people and goods (materials and/or equipment), crossing (either above or under) operating conveyors by employees are not allowed.
It is forbidden to carry out welding and flame work in underground mines and mine buildings without the necessary safety measures preventing fire.