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Clifford Chance advises on the RUB15 billion facility for Ural Mining & Metallurgical Company

6 October 2021

Clifford Chance advises on the RUB15 billion facility for Ural Mining & Metallurgical Company

The Moscow office banking & finance team of Clifford Chance has advised Russian subsidiaries of foreign banks, international financial institutions and Russian banks on the RUB15 billion syndicated loan for Ural Mining & Metallurgical Company (UMMC). The 5-year facility was provided on a club syndicated basis under the Russian law.

PJSC Rosbank acted as arranger, documentation agent, facility agent and one of the lenders for the facility. In addition to Rosbank, the group of lenders participating in the syndicate includes Sberbank, Bank "Saint-Petersburg", Credit Bank of Moscow and the international financial organisation - the Eurasian Development Bank (EDB).

UMMC is the Russian mining and metallurgical group of companies. It is the largest producer of copper, zinc, coal and precious metals in the country.

The team working in the deal was led by banking & finance partner Vladimir Barbolin, with the assistance of senior associate Arina Kachanova and associate Veronika Orlova.