GMK Noril'skiy nikel' OAO Announces Syndicated Loan


Friday, 14 Jun 2013 02:55am EDT 

GMK Noril'skiy nikel' OAO also known as MMC Norilsk Nickel announced that the signing of a Five year unsecured syndicated loan with a principal amount of USD2.1 billion. The facility consists of a USD1.575 billion amortizing term loan and a USD525 million revolving facility. The term loan bears interest at a rate of One month LIBOR plus 1.75% per anum while the revolver is priced at a rate of One month LIBOR plus 1.35% p.a plus utilisation fee capped at 0.4%. The financing will be provided by a 16 lender group, comprising Bank of America, N.A., Barclays Bank PLC, BNP Paribas, Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC Bank plc, ING Bank N.V., Morgan Stanley, Mizuho Corporate Bank, Ltd., OJSC Nordea Bank, Joint Stock Commercial Bank 'ROSBANK' (Open joint-stock company), Sumitomo Mitsui Finance Dublin Limited, Societe Generale Corporate & Investment Banking and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and ZAO UniCredit Bank. Societe Generale Corporate & Investment Banking is acting as Documentation Agent. The Bank of Tokyo-Mitsubishi UFJ, Ltd. and ING Bank N.V. are acting as Information Agents. Barclays Bank PLC, Societe Generale, and UniCredit Bank AG are acting as Market Hedge Providers. Linklaters CIS acted as Lenders' legal advisors. The proceeds from the loan will be used for general corporate purposes, serving amongst other for refinancing of short term debt maturities. 

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26 Dec 2014