Clifford Chance

Clifford Chance advises on the RUB15 billion facility for Ural Mining & Metallurgical Company

The Moscow office banking & finance team of Clifford Chance has advised Russian subsidiaries of foreign banks and Russian banks on the RUB15 billion syndicated loan for Ural Mining & Metallurgical Company (UMMC). The 5-year facility was provided on a club syndicated basis under the Russian law.

AO Raiffeisenbank acted as the documentation agent, facility agent and one of the lenders under the facility with the syndicate of banks also including Russia’s largest state-owned and private banks: Sberbank, Bank "Saint-Petersburg" and Credit Bank of Moscow.

UMMC is the Russian mining and metallurgical group of companies. It is the largest producer of copper, zinc, coal and precious metals in the country.

The team working in the deal was led by banking & finance partner Vladimir Barbolin, with the assistance of senior associate Arina Skrebkova and associate Veronika Orlova.