Zug, Switzerland, June 29, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, announces the signing of a new US$820 million unsecured finance facility (the “Facility”) with 13 leading international banks. The three-year Facility was arranged on a club basis and comes with a two-year grace period. The Group will use the proceeds to refinance part of its debt.
Ruslan Karmanny, Head of Corporate Finance and Treasury, commented: “In the current market environment we have been able to refinance part of our debt on attractive terms. The Facility was also oversubscribed, which reflects EuroChem’s strong credit profile and the level of support we have among the international banks.”
AO UniCredit Bank, AO Raiffeisenbank, and Raiffeisen Bank International AG acted as Coordinators. AO UniCredit Bank, Crédit Agricole Corporate and Investment Bank, and ING Bank, a branch of ING-DIBA AG, acted as Bookrunners.
Mandated Lead Arrangers joining the Facility are (in alphabetical order): Bank of China Limited, Hungarian Branch; China Construction Bank; AO Citibank; Crédit Agricole Corporate and Investment Bank; ING Bank, a branch of ING-DIBA AG; Mizuho Bank, Ltd.; AO Mizuho Bank (Moscow); MUFG Bank, Ltd.; PJSC ROSBANK; Raiffeisen Bank International AG; AO Raiffeisenbank; AO UniCredit Bank; and others.
UniCredit Bank AG, London Branch, acted as Facility Agent.
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers, as well as certain industrial and mining products. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began potash production at its Usolskiy mine in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people.
For more information, please visit www.eurochemgroup.com or contact:
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem
Head of Corporate Finance and Treasury EuroChem Group AG