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EuroChem secures $750 million financing for potash project

2:29 PM MDT | September 3, 2014 | Natasha Alperowicz

EuroChem (Moscow), a top ten global fertilizer company, today announced that it has signed a loan facility with a syndicate of banks to finance its Usolskiy potash project. The eight-year loan is structured as a non-recourse $750 million project finance facility.  The mandated lead arrangers included Crédit Agricole CIB, HSBC Bank, ING Bank, OJSC Rosbank, Sberbank CIB, Société Générale, ZAO UniCredit Bank, with Société Générale acting as both facility and security agent. “This facility is a...

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