EuroChem Group AG Secures Unsecured $750 Million Facility
Zug, Switzerland, 12 October 2017 – EuroChem Group AG (“EuroChem” or the “Company”), a top ten global fertilizer company, is pleased to announce that it has signed a new $750,000,000 unsecured loan facility on a club basis (the “Facility”).
The Facility is structured as a 5-year unsecured finance facility and includes a 2-year grace period. The proceeds will be used for general corporate purposes and, as with the Group’s successful bond issue in July, serves to further reduce refinancing and interest rate risks.
Andrey Ilyin, EuroChem CFO, commented “The Group’s continued ability to successfully place unsecured debt highlights the high-level of commitment from its banking partners and EuroChem’s strong credit profile. We will use the proceeds to refinance our existing debt on more attractive terms with longer maturity.”
Mandated lead arrangers under the facility were (in alphabetic order): BNP Paribas Bank JSC; BNP Paribas S.A.; Citibank N.A. (London branch); Commerzbank AG; Crédit Agricole CIB; HSBC Bank Plc; ING; Mizuho Bank, Ltd.; Nordea AB; Rosbank PJSC; Sberbank; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; UniCredit Bank JSC.
Facility Agent: UniCredit Bank AG (London Branch)
Coordinator and Documentation agent: ING
About EuroChem Group AG
EuroChem is a leading global fertilizer company producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, China, Kazakhstan, Lithuania, and Russia, supporting distribution assets in Europe, the CIS, Asia, and North and South America. EuroChem employs more than 25,000 people globally.
For more information, please contact:
Head of Investor Relations
EuroChem Group AG
Head of Public Relations
Head of Communications
EuroChem Group AG