IFLR1000

NLMK Group $400 million pre-export finance facility

2/11/2015
Financing
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$ 400 million

Completed

2/11/2015

Overview:

  • Russian steel producer NLMK secured a $400 million pre-export credit facility from a syndicate of international banks.
  • Société Générale served as coordinator, mandated lead arranger and bookrunner for the facility.
  • ING Bank, Nordea Bank, Rosbank and UniCredit Bank Austria AG acted as mandated lead arrangers and bookrunners.
  • Deutsche Bank, Natixis and Bank of America Merrill Lynch served as lead arrangers, with China Construction Bank and ICBC acting as arrangers.
  • In addition, Deutsche Bank was appointed as facility agent and ING Bank as security agent.

Jon Moore - Journalist

Jurisdictions:

Switzerland
Russia

Deal type:

Financing

Practice area:

Banking

Governing laws:

Russia
Switzerland

Industry sector:

Industrials and manufacturing

Firms:
Debevoise & Plimpton

Party: Novolipetsk Iron & Steel Corporation (NLMK) (Borrower)

Lawyer: Alan Davies

Froriep (merged with Meyerlustenberger Lachenal)

Party: Société Générale (Coordinator, Mandated lead arranger, Bookrunner)

Party: ING Bank (Mandated lead arranger, Bookrunner, Security agent)

Party: Nordea Bank (Mandated lead arranger, Bookrunner)

Party: Rosbank (Mandated lead arranger, Bookrunner)

Party: Unicredit Bank Austria (Mandated lead arranger, Bookrunner)

Party: Deutsche Bank (Lead arranger, Facility agent)

Party: Natixis (Lead arranger)

Party: Bank of America Merrill Lynch (Lead arranger)

Party: China Construction Bank (Arranger)

Party: Industrial and Commercial Bank of China Ltd (Arranger)

Hogan Lovells

Party: Société Générale (Coordinator, Mandated lead arranger, Bookrunner)

Party: ING Bank (Mandated lead arranger, Bookrunner, Security agent)

Party: Nordea Bank (Mandated lead arranger, Bookrunner)

Party: Rosbank (Mandated lead arranger, Bookrunner)

Party: Unicredit Bank Austria (Mandated lead arranger, Bookrunner)

Party: Deutsche Bank (Lead arranger, Facility agent)

Party: Natixis (Lead arranger)

Party: Bank of America Merrill Lynch (Lead arranger)

Party: China Construction Bank (Arranger)

Party: Industrial and Commercial Bank of China Ltd (Arranger)

Pestalozzi

Party: Novolipetsk Iron & Steel Corporation (NLMK) (Issuer)

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