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# Uralkali takes another loan

Publication Date: 2020-05-27T07:00:53-04:00
Last Updated: 2020-05-26T17:35:24-04:00

Author: Sergey Mezhak (https://www.fertilizerdaily.com/author/smezhak/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/)

![Uralkali takes another loan](https://www.fertilizerdaily.com/wp-content/uploads/2020/05/14-2.jpg)

The company needs debt refinancing.

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.

Tags: [credit](https://www.fertilizerdaily.com/tag/credit/), [Uralkali](https://www.fertilizerdaily.com/tag/uralkali/)

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