MMC Norilsk Nickel
MMC Norilsk Nickel: PJSC MMC NORILSK NICKEL SIGNS A 5-YEAR USD 2.5 BILLION SYNDICATED FACILITY AGREEMENT WITH INTERNATIONAL BANKS
MMC Norilsk Nickel (MNOD)
Public Joint Stock Company “Mining and Metallurgical Company “NORILSK NICKEL” (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Company“) PJSC MMC NORILSK NICKEL SIGNS A 5-YEAR USD 2.5 BILLION SYNDICATED FACILITY AGREEMENT WITH INTERNATIONAL BANKS Moscow – PJSC MMC Norilsk Nickel announces the signing of a 5-year USD 2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the Company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be used for refinancing of the existing debt, financing of capital expenditures and general corporate purposes. Nornickel’s President Vladimir Potanin commented, “In line with the strategy to optimize its cost of capital our Company has been very active on debt capital markets in 2017. Nornickel successfully placed two Eurobond issues in the first half of the year, executed a number of cost-effective bilateral transactions and now we are finishing the year with this jumbo facility, which establishes a new benchmark for the Company. I appreciate support of our major international partner–banks and consider this deal as a strong proof of global capital markets‘ confidence in Nornickel as a strong credit.” Sergey Malyshev, the Company’s Senior Vice-president and Chief Financial Officer commented, Crédit Agricole Corporate and Investment Bank, AO UniCredit Bank, The Bank of Tokyo-Mitsubishi UFJ, Ltd., China Construction Bank Corporation, Seoul Branch, Commerzbank Aktiengesellschaft, Industrial And Commercial Bank of China Limited, Sumitomo Mitsui Banking Corporation Europe Limited, ING Bank, Mizuho Bank, Ltd. and other bank are acting as Mandated Lead Arrangers and Bookrunners, joined by HSBC Bank plc, AO Raiffeisenbank, Citibank NA, Jersey Branch,
ABOUT THE COMPANY PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgical company, a largest refined nickel and palladium producer in the world 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 «NORILSK NICKEL» Group 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. PJSC «MMC «NORILSK NICKEL» ADRs are traded over the counter in the US and on the London and Berlin Stock Exchanges. Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru
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ISIN: | US55315J1025 |
Category Code: | MSCH |
TIDM: | MNOD |
Sequence No.: | 5038 |
End of Announcement | EQS News Service |