OREANDA-NEWS. Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, has signed an Increase confirmation with Bank of China under recently signed US\$530 million pre-export finance facility. The increase amount is US\$100 million which leaves an option to increase the amount of loan for additional US\$170 million up to total facility amount of US\$800 million.

On 20 April 2015, Uralkali signed a loan agreement in the amount of US\$530 million with eight international banks, including Natixis, ING Bank N.V., PJSC ROSBANK and Soci?t? G?n?rale, JSC Nordea Bank, Commerzbank, IKB, Industrial Commercial Bank of China (ICBC) and China Construction Bank.

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.