UniCredit Group announces signing of a 5-year USD 500 million syndicated committed revolving back-stop credit facility (“RCF”) PJSC “MMC “Norilsk Nickel” (hereinafter the Company) where UniCredit acted as one of the Mandated Lead Arrangers and Bookrunners in a group of international lenders. UniCredit Bank AG (London Branch) is appointed as Facility Agent.
The new facility represents one of the measures the Company takes in order to secure target level of available committed reserve lines amounting not less than USD 2 billion in total.
"Norilsk Nickel and UniCredit Group are bound with many years of strong partnership. Our cooperation is comprehensive which implies UniCredit's participation in the main and most meaningful strategic financing transactions of the Company. The new RCF is another important step ensuring this", says Kirill Zhukov-Emelyanov, Member of the Board at AO UniCredit Bank.
PJSC “MMC “Norilsk Nickel” is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium. The production units of PJSC “MMC “Norilsk Nickel” include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland. PJSC “MMC “Norilsk Nickel” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. The Company’s ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.