Uralkali takes another loan

Uralkali signed an agreement with 11 international banks on a loan of $665 million.

Mandated lead arrangers of the transaction are Bank of China, Crédit Agricol, ING, Mitsubishi UFJ Financial Group, Russian Regional Development Bank, SGBTCI, Société Générale, Commerzbank, Filiale Luxemburg and Mizuho Bank.

The interest rate is Libor +2.2%. The loan period is five years. The borrowed funds will be directed to the refinancing of debt and financing of the Uralkali’s ongoing activities.