• Home
  • Media
  • EuroChem Group AG Signs $800 Million Pre-Export Finance Club Facility

EuroChem Group AG Signs $800 Million Pre-Export Finance Club Facility

Zug, Switzerland, 21 September 2016 – EuroChem Group AG (hereinafter “EuroChem”, the “Group” or the “Company”), a leading global agrochemical company, is pleased to announce the signing of a new US$ 800 million pre-export finance facility (the “Facility”) with 12 leading international banks on 13 September 2016. The Facility was arranged on a club basis.

The 5-year Facility comes with a 2-year grace period. The Company will use the proceeds to refinance part of its debt, including the full repayment of a pre-export facility signed in August 2015. The Facility was well oversubscribed – a clear indication of the support and trust the Company enjoys from the international banking community.

Andrey Ilyin, EuroChem CFO, said: “This latest transaction once again reflects the level of confidence in EuroChem’s financial strength and its position as one of the leading global fertilizer players.”

Alexander Gavrilov, Deputy CFO and Head of Corporate Finance, commented: “We are pleased to see new names joining some of our well-established partnerships and strategically supporting the Group. The proceeds of this facility will considerably optimize the Group’s debt portfolio”.

Mandated Lead Arrangers joining the Facility are (in alphabetic order):

Bank of China Limited; AO Citibank (Citi); Commerzbank AG; Crédit Agricole Corporate and Investment Bank; Industrial and Commercial Bank of China Limited, Luxembourg branch; ING Bank N.V.; Mizuho Bank, Ltd.; Natixis; Nordea Bank AB (publ); AO Raiffeisenbank; Societe Generale Corporate & Investment Bank and Rosbank; UniCredit Bank Austria AG. Citibank Europe PLC, UK Branch acted as Facility Agent and Citibank N.A., London Branch as Security Agent. ING Bank N.V. acted as sole Coordinator and Documentation Agent.

Share this post
All announcements