Uralkali’s $1.25 Billion Sustainability-Linked Pre-Export Finance Facility

In UK Dentons, advised on the matter.

CMS Cameron McKenna Nabarro Olswang LLP advised Uralkali with a team including Ana Radnev (Finance).

Uralkali executed its debut $1.25bn sustainability-linked pre-export finance facility arranged by, among others, Cmmerzbank Crèdit Agricole Corporate & Investment bank, ING Bank, Societe Generale, Intesa Sanpaolo, Russian Regional Development Bank, Natixis and Sberbank, with ING Bank acting as the lead sustainability coordinator. 

This is a landmark deal for one of the world’s largest producers and exporters of potash. 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’ team was led by counsel Elena Tchoubykina (Picture) and also included banking and finance partner Ana Radnev and associate Aleksander Zhuravkov.

The Dentons team working on the transaction was led by London-based banking and finance partner Logan Wright (Picture), with support from Moscow based counsels Filipp Petyukov and Dennis Montgomery and associates Olga Alyabyeva and Mikhail Fedorov.

Involved fees earner: Ana Radnev – CMS Cameron McKenna Nabarro Olswang LLP; Elena Tchoubykina – CMS Russia; Dennis Montgomery – Dentons; Filipp Petyukov – Dentons; Logan Wright – Dentons;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; CMS Russia; Dentons;

Clients: ING Bank; Uralkali;

Author: Giulia Di Palma

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