Uralkali (LSE: URKA), one of the world’s largest potash producers, has signed a loan agreement in the amount USD 205 million with a group of banks.
The Initial Mandated Lead Arrangers and Book runners of the pre-export finance facility are the Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Banking Corporation Europe Ltd. DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Natixis and ZAO Industrial and Commercial Bank of China (Moscow) also participated in the deal, with Natixis acting as Facility Agent and Security Agent.
The loan rate is LIBOR plus 250bps margin with the loan maturity of 5 years. The loan facility will be used for the general corporate finance purposes of Uralkali.