Clifford Chance has advised Rosbank, Sberbank, Bank Saint-Petersburg, Credit Bank of Moscow, and the Eurasian Development Bank on a RUB 15 billion five-year syndicated loan under Russian law for the Ural Mining & Metallurgical Company.
Rosbank also acted as arranger, documentation agent, and facility agent on the transaction.
This is the second RUB 15 billion syndicated loan to UMMC that Clifford Chance has advised on this year, after advising the banks on a similar transaction in June (as reported by CEE Legal Matters on July 01, 2021).
According to the firm, UMMC is a Russian mining and metallurgical group and the largest producer of copper, zinc, coal, and precious metals in the country.
The Clifford Chance team was led by Partner Vladimir Barbolin and included Senior Associate Arina Kachanova and Associate Veronika Orlova.