Press Release

Morgan Lewis Advises ING Bank N.V. on $750M Unsecured Term Club Facility for EuroChem

Thursday, October 5, 2017

MOSCOW, LONDON, October 5, 2017: Morgan Lewis has advised ING Bank N.V. on a $750 million unsecured term club facility for the major global agrochemical holding EuroChem Group AG.

ING Bank N.V. was the coordinator and documentation agent for the deal, which involved a syndicate of leading international banks. UniCredit London acted as agent.

The five-year unsecured facility for EuroChem Group comes with a two-year grace period. The purpose of the facility is to refinance part of the company’s debt, including the full repayment of a pre-export facility signed in September 2016. The facility is guaranteed by the group’s producing entities in Russia.

ING Bank N.V. acted as sole Coordinator and Documentation Agent.

Partner Grigory Marinichev led the Morgan Lewis team.