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EuroChem secures debut unsecured US$1,300,000,000 facility

August 27, 2013 – OJSC MCC EuroChem (“EuroChem” or the “Company”), a top ten global fertilizer company, announces that it has signed a new debut US$1,300,000,000 unsecured loan facility on a club basis (the “Facility”).

The Facility, EuroChem’s first unsecured loan for such an amount and duration, is structured as a 5-year unsecured finance facility. Priced at LIBOR 3M + 1.8%, the facility includes a 2-year grace period. The proceeds will be used to pay down the outstanding amount under EuroChem’s 2011 US$1.3 billion pre-export facility.

Andrey Ilyin, EuroChem CFO, commented “We are pleased with this latest landmark long-term financing for the Company. While on comparable terms to our 2011 PXF facility, which was secured, our ability to successfully replace it with unsecured debt allows us to further strengthen EuroChem’s credit profile.”

Alexander Gavrilov, Deputy-CFO and Head of Corporate Finance at EuroChem added: “This facility not only provides EuroChem with additional financing flexibility, it also creates a new precedent within the Russian credit market. In light of today’s volatile environment, we appreciate the high level of commitment we received from our banking partners and value our growing relationship. This transaction extends the average maturity profile of our debt, which is now fully unsecured.”

Mandated lead arrangers under the facility were (in alphabetic order): Bank of America Merrill Lynch, Barclays Bank plc, the Bank Of Tokyo-Mitsubishi UFJ, ltd., BNP Paribas (Suisse) SA, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, HSBC Bank plc, Natixis, OJSC Nordea Bank, Sumitomo Mitsui Banking Corporation Europe Limited and The Royal Bank of Scotland plc, with BNP Paribas (Suisse) SA acting as facility and security agent and Barclays Bank plc as fixed rate agent. Bank of America Merrill Lynch acted as coordinator and documentation agent.

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