Yara extends funding
05.07.2013 | Globenewswire Europe
Oslo (2013-07-05): Yara International ASA has secured increased flexibility forits operations by signing a new USD 1,750 million dual-tranche Multicurrency
Syndicated Revolving Credit Facility. The facility comprises a USD 1,250 million
tranche A with a tenor of 5+1+1 years and a USD 500 million tranche B with a
tenor of 1+1 years.
The new facility replaces existing revolving credit facilities and will provide
financial flexibility for general corporate purposes. Yara has achieved
competitive market terms with margins over Libor at 50 basis points in tranche A
and 30 basis points in tranche B.
The transaction has been coordinated by Citigroup, Commerzbank, DNB and SEB.
Banks joining alongside the Coordinating Bookrunners as Mandated Lead Arrangers
and Bookrunners are ANZ, Barclays, BNP Paribas, Crédit Agricole, Danske Bank,
Deutsche Bank, J.P. Morgan Chase, Nordea, Royal Bank of Scotland, SMBC, Société
Générale and Svenska Handelsbanken. In addition, Fifth Third Bank and Banco Itaú
have joined as Lead Arrangers.
"We are very satisfied with the terms of the loan agreement as well as with the
positive interest and trust with which Yara has been received by its
relationship banks and in the wider financial market," says Yara CFO Torgeir
Kvidal.
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 480 75 356
E-mail: thor.giaver@yara.com
Jens Hofgaard, Corporate Finance & Treasury
Telephone (+47) 24 15 74 99
Cellular (+47) 913 89 793
E-mail: jens.hofgaard@yara.com
Esben Tuman, Corporate Communications
Telephone (+47) 24 15 70 26
Cellular (+47) 905 08 400
E-mail: esben.tuman@yara.com
Yara delivers solutions for sustainable agriculture and the environment. Yara's
fertilizers and crop nutrition programs help produce the food required for the
growing world population. The industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always the company's top priority.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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Source: Yara International ASA via Thomson Reuters ONE
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Unternehmen: Yara International ASA - ISIN: NO0010208051