Yara International ASA : Yara extends funding
Oslo (2013-07-05): Yara International ASA has secured increased flexibility
for its 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
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 480 75356
Jens Hofgaard, Corporate Finance & Treasury
Telephone (+47) 24 15 74 99
Cellular (+47) 913 89793
Esben Tuman, Corporate Communications
Telephone (+47) 24 15 70 26
Cellular (+47) 905 08400
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.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.