Uralkali, one of the world’s 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 Uralkali’s existing loans and general corporate purposes.