MOSCOW AND LONDON, 18 September 2015: Morgan Lewis has advised Natixis on a $750m pre-export finance facility for the major global agrochemical holding EuroChem Group AG.
Natixis was the coordinator and documentation agent for the deal which involved a large syndicate of leading international banks and was structured as a four year pre-export finance facility.
Commenting on the deal, Morgan Lewis partner Grigory Marinichev said: “We are delighted to have advised Natixis on this remarkable transaction. In light of the current turbulent economic backdrop, this facility demonstrates that international banks are still committed to financing high-quality borrowers such as EuroChem, despite its considerable Russian exposure.”
The Morgan Lewis team was comprised of lawyers based in the firm’s Moscow and London offices, led by partners Grigory Marinichev and Bruce Johnston and assisted by associates Kristina Markova and Dawn Bilbe.
Mandated lead arrangers of the facility were (in alphabetic order): Bank of America Merrill Lynch International Limited, Bank of China (Hungary) Close ltd, Commerzbank Aktiengesellschaft, Luxemburg Branch, Deutsche Bank AG, Amsterdam Branch, HSBC Bank plc, Intesa Sanpaolo S.p.A., London Branch, Natixis, Nordea Bank AB, PJSC Rosbank, Sberbank (Switzerland) AG, Société Générale, and UniCredit Bank Austria AG, with Deutsche Bank AG, Amsterdam Branch, acting as facility and security agent and Merrill Lynch International as fixed rate agent.