Uralkali expands loan facility by $100m
Published: Monday, 01 June 2015
An upcoming period of capital intensity appears to have been the driving factor in Uralkali seeking additional financing. Russian companies often have more barriers to raising finance, but the worldwide cost of borrowing is currently low.
Russia-based potash miner Uralkali OAO has
signed an increase confirmation with Bank of China to add $100m
to its recently signed $530m pre-export finance facility.
The loan, now worth $630m, will be used for "general
corporate purposes", according to the company. Uralkali has