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Clifford Chance Moscow advises arrangers and bookrunners on US$850 million credit facility for Uralkali

15 September 2017

Clifford Chance Moscow advises arrangers and bookrunners on US$850 million credit facility for Uralkali

Clifford Chance Moscow has advised 11 international banks on the US$850 million pre-export financing for Uralkali, one of the world’s largest potash producers.

ING and Natixis acted as Joint Facility Coordinators on the transaction, alongside additional bookrunners and MLAs Commerzbank, Credit Agricole, SocGen (Rosbank) and UniCredit.

In addition, Bank of America, ICBC and RB International committed as arrangers, and Bank of China and IKB joined as lenders.

The loan will be used for refinancing of Uralkali’s existing loans and general corporate purposes.

The Clifford Chance team was led by office managing partner and head of banking & finance Victoria Bortkevicha, with the support of counsel Adam Fadian, senior associate Natalia Veryasova, and associates Arina Skrebkova and Nicole Mazurek.