Tag Archives: mineral fertilizers

URALCHEM has obtained a Syndicated Loan

The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan.

Moscow, Russia (November 21, 2013) — The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan. The proceeds of the loan have been used to refinance the current syndicated loan deal, concluded in December 2012, under which the Group used assignment of rights on its export contracts as security interest for the loan.

The syndicated loan was obtained on 18 November 2013 from a pool of leading international and Russian banks. Nordea Bank AB (publ), HSBC Bank PLC, Raiffeisenbank and and Rosbank (Société Générale Group) were Mandated Lead Arrangers. Within the framework of the deal, OJSC Nordea Bank acted as Documentation Agent and Nordea Bank AB (publ) acted as Facility Agent. The deal was closed within a very short time, only four weeks from the date of the official invitation to the banks.

The plant in Kirovo-Chepetsk acted as the borrowing party from the URALCHEM Group. URALCHEM OJSC, the plant in Voskresensk, the plant in Perm, SIA URALCHEM Trading in Riga and URALCHEM Trading House were the guarantors of the loan.

The amount of the loan in Euros is the equivalent of US $200 million. The interest rate is Euribor 3m + 2.5%. The loan documentation made provision for an option of a drawdown in Euros, which the company used. The loan period is 5 years with a grace period of 2 years. This was the debut unsecured syndicated loan for the Group, and it made it possible to release secured assets on the assignment of rights on export contracts. The new deal has allowed for reduction of the interest rate on the loan by more than 1.5%, as well as the increase of the average time frame for repayment of the loan.

Dmitry Konyaev, CEO of URALCHEM OJSC commented, “Our mutually beneficial cooperation with the leading banks that form the syndicate has been going on for years. The terms of the new deal and the efficiency of its closing show the high confidence that the banks have in the Group and the sustainability of its financial position. We are grateful to our creditors and appreciate our partnership with them.”

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.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.

URALCHEM to Give 100,000 Euros to Schools in Riga

OJSC URALCHEM, the Ziedot.lv Fund and two secondary schools in Riga have agreed to carry out a joint charity project. A memorandum was signed by URALCHEM CEO Dmitry Konyaev, Manager of the Fund Ziedot.lv Ruta Dimanta and the headmasters of the schools, Iveta Stivrinya and Boris Antonov.

Riga, Latvia – February 11, 2013 — OJSC URALCHEM, the Ziedot.lv Fund and two secondary schools in Riga have agreed to carry out a joint charity project. A memorandum was signed by URALCHEM CEO Dmitry Konyaev, Manager of the Fund Ziedot.lv Ruta Dimanta and the headmasters of the schools, Iveta Stivrinya and Boris Antonov.

Within the framework of the project, URALCHEM will provide funding to the amount of more than 70,000 Lati (about 100,000 Euros), which will be used to equip modern chemistry classrooms to state-of-the-art standards, as well as providing for general update and improvement at both schools. The funds will be distributed in equal proportions between the schools, which have a total enrollment of over 1,000 students. The charitable organization Ziedot.lv will provide organizational and administrative support to the project.

Dmitry Konyaev, CEO of URALCHEM, OJSC: “Supporting charity programmes has always been part of our social policy aimed at improving the life of people in the regions where the company has a presence. In Riga we have been constructing a terminal for transhipment of mineral fertilizers since 2009. That is why we decided to help two schools located in the neighbouring Vecmilgravis area. Since we are a company, based on chemistry, the idea was to start with a project that would improve standards for teaching chemistry, one of the basic subjects for school children.”

Ruta Dimanta, Head of the Fund Ziedot.lv: “We share URALCHEM’s desire to provide real help in the social sphere and are especially grateful for the company’s efforts to support children. Our cooperation with URALCHEM started in September 2012 when we launched a charity programme to help children with disabilities. As part of this programme, which is being successfully implemented, URALCHEM is providing the funding to the amount of 80,000 Euros and the Ziedot.lv Fund is organizing for the treatment of children in leading medical institutions in Russia.”

Boris Antonov – Headmaster: “We would like to thank URALCHEM and the Ziedot.lv Fund for this initiative. Being a chemistry teacher myself, I welcome the fact that URALCHEM has paid attention to this subject. Using state-of-the-art equipment and teaching methods should stimulate our students’ interest in chemistry.”

Iveta Stivrinya – Headmaster: “One of the long traditions of our school is the successful combination of the humanitarian and technical approaches to teaching a variety of curricula. With the help of URALCHEM and the Ziedot.lv Fund, we are very pleased to be able to continue this tradition by offering our students an education in this interesting and important subject.”

URALCHEM’s social policy covers many different aspects of life. A lot of attention is also paid to cultural activities. For example, in June 2012, with the support of URALCHEM, the town of Jurmala hosted Latvia’s first concert performed by the Symphony Orchestra of the Mariinsky Theatre led by Valery Gergiev. In December 2012, thanks to the support of URALCHEM, the company ART Forte organized a visit by the Igor Moiseyev State Academic Ensemble of Popular Dance to Riga performing their programme “Christmas with the people of the world.”

Reference information

School No. 31 opened in 1952. It is located at 11 Skuyu St, Riga. The school has 50 teachers and more than 500 students. The teaching is conducted in Latvian.

School No. 46 was founded in 1954. It is located at 28 Skuyu St, Riga. The school has 56 teachers and more than 500 students. The teaching is conducted in Russia.

URALCHEM is one of the world’s major producers of mineral fertilizers, which are used by Russian and foreign farmers. The company has four enterprises in Russia (Kirov Region, Perm Region and Moscow Region). The company employs about 11.5 thousand people. URALCHEM implements major social and environmental programmes. In 2011, the company gave more than 2.4 million Euros for the development of children and youth sports, educational programmes, assistance to veterans and disabled people. The company’s costs for environmental protection in 2011 amounted to more than 8.5 million Euros.

Contacts:
Yana Krallisha
URALCHEM
PR Consultant
Mobile: 26462844
E-Mail: jana@komunikacijas.lv

Ilze Oshane
Ziedot.lv Fund
Head of Communications
Mobile: 29400422
E-Mail: ilze@ziedot.lv