URALCHEM
has secured a loan of up to US $4.5 billion. The loan has been
granted for a period of 84 months. A major part of the loan will be
used to pay for the 20% of shares to be acquired in Uralkali.
Moscow,
Russia (December 17, 2013) -- URALCHEM
OJSC has secured a loan of up to US $4.5 billion.
The loan has been granted for a period of 84 months.
URALHEM
OJSC and the plant in Kirovo-Chepetsk are the borrowers in the
transaction. VTB Capital Plc is acting as the lender, the loan agent
and the documentation agent. The loan guarantees are Voskresensk
Mineral Fertilisers, OJSC in Voskresensk, URALCHEM Trading House Ltd,
OJSC Minudobrenia in Perm, URALCHEM HOLDING P.L.C. and SIA URALCHEM
Trading.
Out
of the $4.5 billion loan, a major part will be used to pay for the
20% of shares to be acquired in OJSC Uralkali. Part of the borrowed
funds can be used to repay the current loan liabilities of the
URALCHEM Group and will be called on if the existing creditors of the
Group require early repayment of liabilities due to changes in the
credit portfolio of the Group.
On
4 December 2013, URALCHEM Group's shareholders announced an agreement
to acquire a package of shares and GDRs in OJSC Uralkali (MICEX-RTS:
URKA; LSE: URKA), constituting 20% of total share capital of the
company. Closure of the transaction is expected in the near future.
These shares will be used as collateral for the loan borrowed from
VTB Capital Plc.
PR
Department
URALCHEM,
OJSC
Tel:
+7 (495) 721 89 89
Email:
pr@uralchem.com
URALCHEM,
OJSC is one of the largest producers of nitrogen and phosphate
fertilisers in Russia and the CIS with production capacities of over
2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of
ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of
complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is
the second largest ammonium nitrate producer in the world and number
one in Russia, the second largest producer of nitrogen fertilisers in
Russia. Key production assets of URALCHEM, OJSC include Azot Branch
of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm;
MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk,
Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk,
Moscow region.
Some
of the information in this press release may contain projections or
other forward-looking statements regarding future events or the
future financial performance of URALCHEM. We wish to caution you that
these statements are only predictions. We do not intend to update
these statements and our actual results may differ materially from
those contained in our projections or forward-looking statements,
including, among others, the achievement of anticipated levels of
profitability, growth, cost and synergy of our recent acquisitions,
the impact of competitive pricing, the ability to obtain necessary
regulatory approvals and licenses, the impact of developments in the
Russian economic, political and legal environment, financial risk
management and the impact of general business and global economic
conditions.
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