The Moscow and London offices of Debevoise & Plimpton LLP have advised longstanding client Norilsk Nickel in the establishment of an up to $500 million committed revolving credit facility with a syndicate of international banks.

Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank Austria AG are acting as mandated lead arrangers and bookrunners. UniCredit Bank AG (London Branch) was appointed as facility agent.

Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium, and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

Debevoise has previously advised Norilsk Nickel on a number of similar finance and capital market matters. In October 2015, the firm advised Norilsk Nickel on a $1 billion Eurobond offering.

The Debevoise team advising on the new credit facility was led by London partner Alan Davies, and included Moscow partner Alan Kartashkin. The team also included associates Nik Kutnaks, Ekaterina Podbereznyak, and Daria A. Serebrova. Tax advice was provided by London partner Richard Ward, assisted by associates Ellie Mends and Ceinwen Rees.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.