Uralkali Extends the Amount of Pre-Export Facility to US$655 Million

09.06.2015
Uralkali Extends the Amount of Pre-Export Facility to US$655 Million

Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, has signed an Increase confirmation with PJSC ROSBANK under recently signed US$530 million pre-export finance facility. The increase amount is US$25 million which leaves an option to increase the amount of loan for additional US$145 million up to total facility amount of US$800 million.

Additional information

On 20 April 2015, Uralkali signed a loan agreement in the amount of US$530 million with eight international banks, including Natixis, ING Bank N.V., PJSC ROSBANK and Société Générale, JSC Nordea Bank, Commerzbank, IKB, Industrial Commercial Bank of China (ICBC) and China Construction Bank.

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.

On 1 June 2015 the Company extended the amount of the loan agreement to US$630 million by signing an Increase confirmation for US$100 million with Bank of China.

For more details see:

http://www.uralkali.com/press_center/press_releases/item22037/

http://www.uralkali.com/press_center/press_releases/item22631/

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.11,000 people (in the main production unit). Uralkali’s shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.