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Uralkali secures $2-billion loan agreement from Sberbank

11:24 AM MST | December 20, 2013 | Francinia Protti-Alvarez

Uralkali (Berezniki, Russia) and Sberbank (Moscow) have signed an agreement to open a non-revolving $2-billion credit line, Uralkali announced today. The credit line will be used as a reserve facility for refinancing existing loans according to their repayment schedules. It will be open from 1 February to 31 December 2014, and will mature on 18 December 2019, Uralkali says. The significant condition of the agreement is the absence of obligation for Uralkali to use the full amount of the credit line. Sberbank's name had been mentioned in earlier media reports as a...

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