Clifford Chance Moscow has advised 11 international banks on a USD 850 million pre-export financing for Uralkali, one of the world’s largest potash producers. CMS advised Uralkali on the financing.
ING and Natixis acted as Joint Facility Coordinators on the transaction, alongside additional bookrunners and MLAs Commerzbank, Credit Agricole, SocGen (Rosbank) and UniCredit. In addition, Bank of America, ICBC, and RB International committed as arrangers, and Bank of China and IKB joined as lenders.
The loan will be used for refinancing Uralkali’s existing loans and general corporate purposes.
The Clifford Chance team was led by office Managing partner Victoria Bortkevicha, supported by Of Counsel Adam Fadian, Senior Associate Natalia Veryasova, and Associates Arina Skrebkova and Nicole Mazurek.
The CMS team advising Uralkali was led by Counsel Elena Tchoubykina, assisted by Moscow-based Associates Alexandra Kobzeva and Alexander Zhuravkov.