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CMS Advises PJSC Uralkali on USD 1.25 Billion Finance Facility

CMS Advises PJSC Uralkali on USD 1.25 Billion Finance Facility

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CMS has advised PJSC Uralkali on its debut USD 1.25 billion sustainability-linked pre-export finance facility arranged by a consortium of banks, with ING Bank acting as lead sustainability coordinator. Dentons reportedly advised the lenders.

The banking consortium included Commerzbank Credit Agricole Corporate & Investment Bank, ING Bank, Societe Generale, Intesa Sanpaolo, the Russian Regional Development Bank, Natixis, and Sberbank.

According to CMS, “PJSC Uralkali is the first among CEE producers of mineral fertilizers to attract sustainability-linked financing of such a significant amount. As of now, it is also the largest sustainability-linked syndicated loan raised in Russia and CIS. Key performance indicators that feature in the financing cover ecological issues as well as the safety operations of the company.“

CMS’s team included Partner Ana Radnev, Counsel Elena Tchoubykina, and Associate Aleksander Zhuravkov.

Editor's note: After this article was published, CEE Legal Matters received confirmation that Dentons advised ING Bank, the lead sustainability coordinator, facility coordinator, and documentation agent. Dentons' team was led by London-based Partner Logan Wright and included Moscow-based Counsels Filipp Petyukov and Dennis Montgomery and Associates Olga Alyabyeva and Mikhail Fedorov.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated office in Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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