Clifford Chance

Clifford Chance advises UniCredit Bank Austria AG on a US$500 million credit facility for Norilsk Nickel

Leading international law firm Clifford Chance has advised UniCredit Bank Austria AG on a 5-year US$500 million committed revolving back-stop credit facility for PJSC “MMC “Norilsk Nickel” (further "Norilsk Nickel").

UniCredit Bank Austria AG, Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation acted as mandated lead arrangers and bookrunners. UniCredit Bank AG (London Branch) was appointed as facility agent.

Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium, and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The Clifford Chance team working on the deal included Vladimir Barbolin and Alison Chan.