White & Case has advised a group of 13 international banks, coordinated by UniCredit Bank and Raiffeisenbank, on a new USD 820 million unsecured finance facility provided to EuroChem Group AG, a mineral fertilizer producer company.
A producer of nitrogen, phosphate, and potash fertilizers, as well as certain industrial and mining products, EuroChem is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution.
The three-year facility was arranged on a club basis and will be used to refinance part of EuroChem's debt.
In an EuroChem press release, Ruslan Karmanny, Head of Corporate Finance and Treasury, commented: “In the current market environment we have been able to refinance part of our debt on attractive terms. The facility was also oversubscribed, which reflects EuroChem’s strong credit profile and the level of support we have among the international banks.”
The White & Case team was led by Partners Natalia Nikitina (Moscow), Tomas Jine (Prague) and Ekaterina Logvinova (Moscow), with support from Associate Maria Kulmukhametova (Moscow).
White & Case did not reply to an inquiry on the matter.
Editor’s note: After this article was published, Dentons announced that it advised EuroChem Group AG on the transaction. The firm's team was led by Partner Evgenia Laurson, with support from Counsel Dennis Montgomery and Associate ZaurGidalishov, both based in Moscow.