OREANDA-NEWS. August 10, 2012. 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.

Viktor Belyakov, Uralkali CFO, commented:

"Uralkali is a first-rate borrower with a comfortable debt level. However, we continue to optimise our credit portfolio and we have been successful in securing this long-term financing on very favourable terms despite the ongoing instability in the financial markets. Moreover, we are broadening the range of partner banks of the Company".