Norilsk Nickel

Norilsk Nickel - TL

Borrower (s)
Norilsk Nickel
Industry
Metals and Mining/Base metals
Area of finance
Commodity Trade Finance
Country
Russian Federation

Deal Overview

Russian metals producer Norilsk Nickel refinanced its $2.5 billion term loan on 21 February. The deal was upsized and extended to a five-year $4.15 billion facility, with the tenor on the original deal pushed out by just over two years and the pricing tightened to 140bp over Libor from 150bp....

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Russian metals producer Norilsk Nickel refinanced its $2.5 billion term loan on 21 February. The deal was upsized and extended to a five-year $4.15 billion facility, with the tenor on the original deal pushed out by just over two years and the pricing tightened to 140bp over Libor from 150bp. Proceeds will be used to service the company’s outstanding debt as well as capital expenditure and for general corporate purposes.

Refinancing of the deal https://www.tagmydeals.com/Deals/DealData/7018 


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Deal Volume
$ 4.15bn
Financial Close
21 February 2020
Sources
TXF article, TXF article, Submitted by participant(s)

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Evgeny Gaevskiy

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