The London and Moscow offices of Debevoise & Plimpton LLP have advised Uralkali on a pre-export finance facility with a syndicate of eight international banks. The facility is for a total of $530 million, with the option to increase it up to $800 million.
The bookrunners and mandated lead arrangers of the facility are ING Bank N.V., Natixis, JSC Nordea Bank, PJSC ROSBANK and Société Générale Corporate & Investment Banking.
The loan facility will be used for general corporate purposes and to refinance Uralkali’s existing loans.
Debevoise advised Uralkali, one of the world’s largest potash producers, on a similar deal in June 2013, when the company signed a $1 billion pre-export finance facility with a syndicate of 14 international banks.
The Debevoise team advising Uralkali was led by London based partner Alan Davies and associate Dmitry A. Karamyslov. The team also included Moscow based partner Alan Kartashkin, and associates Elena Bader, Ekaterina Podbereznyak, and Oleg Semenov. London based international counsel Cécile Beurrier provided tax advice.
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