UralChem raised the credit in the volume of $4.5bn with VTB Capital for 84 month, the company informed.
The loaners involve OKHK UralChem, KCHKHK. The backing is provided by Voskresenskie Fertilizers, UralChem TH, Mineral Fertilizers, URALCHEM HOLDING P.L.C. and SIA URALCHEM Trading.
The major portion of the loan will be spent on the acquisition of 20% in Uralkaliy. The net debts by Sep. end reached 23.531bn rub. The holders informed about the consent reached on the acquisition of the stocks and GDRs of Uralkaliy. These stocks will be placed in pledge to cover the credit raised with VTB Capital Plc.
UralChem (TIN 7703647595) is one of the leaders on the fertilizers market in Russia and CIS and is ranked as the second by the production of ammonium nitrate. The Company keeps 100% in Kirovo-Chepetsky Chemical Plant, 100% in Azot (Permsky reg.); 71.72% in Voskresenskie Mineral Fertilizers (Moscow reg.).
The IH 2013-net profit (RAS) moved up 17% to 13.504bn rub. from 11.575bn rub.; revenues rose 6% to 12.603bn rub. from 11.915bn rub.; revenues from participation in other companies gained 11.459bn rub. from 9.152bn rub.
The 2012 net profit (IAS) rallied up 49% to reach $665mln; revenues rose 16% to $2.423bn from $2.080bn; operating profit - 11% to $734mln from $659ml