CMS has advised PJSC Uralkali on its new $850 mln pre-export finance facility arranged by, among others, CACIB, UniCredit Bank, Commerzbank, Rosbank, Natixis and ING Bank.

PSJC Uralkali is one of the world largest producers and exporters of potash. The new financing provided by a diverse syndicate of international banks within a fairly short time period will be used for general corporate purposes, including repayment and refinancing of the company’s existing debt.

CMS team was led by dual-qualified counsel Elena Tchoubykina who was supported by associates Alexandra Kobzeva and Alexander Zhuravkov. The lenders were represented by Clifford Chance.