OREANDA-NEWS. Uralkali, one of the world’s largest potash producers, has signed a loan agreement in the amount of US\\$530 million with eight international banks. 

Natixis acted as Global Coordinator and Documentation Agent, ING Bank N.V. is acting as Facility and Security Agent and Sociati Generale as Fixed Rate Agent.

The Bookrunners and Mandated Lead Arrangers of the PXF facility are ING Bank N.V., Natixis, JSC Nordea Bank, PJSC ROSBANK and Sociati Generale Corporate & Investment Banking. Commerzbank joined as a Lead Arranger and IKB as Arranger. Industrial Commercial Bank of China (ICBC) and China Construction Bank and IKB also participated in the facility as a Lender.

The interest rate is LIBOR plus 330 bps margin with a loan maturity of four years. The loan facility will be used for general corporate purposes and to refinance Uralkali’s existing loans.