Clifford Chance

Clifford Chance advises Russian and international banks on US$825 million facility for Uralkali

A team from Clifford Chance has advised 11 Russian and international banks on an US$825 million facility for Uralkali, one of the world’s largest potash producers. The facility will be used to refinance existing loans and for general corporate purposes.

The transaction was coordinated by ING as Documentation Agent and Societe Generale (with Rosbank), alongside with Crédit Agricole Corporate & Investment Bank acting as Facility Agent and Security Agent. MUFG Bank and UniCredit acted as Mandated Lead Arrangers and Bookrunners with Intesa Sanpaolo (with Banca Intesa), Natixis and Bank Uralsib joined as Lead Arrangers, while Deutsche Bank, HSBC Bank and AO Raiffeisen Bank participated as Arrangers.

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 Jan Galin and associate Arina Skrebkova.