ING in Russia

ING in Russia

ING Commercial Banking acted as one of the Mandated Lead Arrangers of USD 530 Million Unsecured Club Facility for Uralkali

ING Commercial Banking participated in US$530 Million 4-year Pre-Export Facility for Uralkali - one of the world’s largest potash producers, with Option to Increase Amount up to US$800 Million.

Natixis acted as Global Coordinator and Documentation Agent, ING Bank N.V. is acting as Facility and Security Agent and Société Générale as Fixed Rate Agent.

The Bookrunners and Mandated Lead Arrangers of the PXF facility are ING Bank N.V., Natixis, JSC Nordea Bank, PJSC ROSBANK and Société Générale Corporate & Investment Banking. Commerzbank joined as a Lead Arranger and IKB as Arranger. Industrial Commercial Bank of China (ICBC) and China Construction Bank and IKB also participated in the facility as a Lender.

The interest rate is LIBOR plus 330 bps margin with a loan maturity of four years. The loan facility will be used for general corporate purposes and to refinance Uralkali’s existing loans.

 

 

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 mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,300 people (in the main production unit). Uralkali’s shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.