Zug, Switzerland, 21 September 2016 – EuroChem Group AG (hereinafter “EuroChem”, the “Group” or the “Company”), a leading global agrochemical company, is pleased to announce the signing of a new US$ 800 million pre-export finance facility (the “Facility”) with 12 leading international banks on 13 September 2016. The Facility was arranged on a club basis.
The 5-year Facility comes with a 2-year grace period. The Company will use the proceeds to refinance part of its debt, including the full repayment of a pre-export facility signed in August 2015. The Facility was well oversubscribed – a clear indication of the support and trust the Company enjoys from the international banking community.