Norilsk Nickel’s secures a $500 million revolving credit facility


Debevoise & Plimpton LLP has advised Norilsk Nickel in the establishment of an up to $500 million committed revolving credit facility with a syndicate of international banks.

Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank Austria AG are acting as mandated lead arrangers and bookrunners. UniCredit Bank AG (London Branch) was appointed as facility agent.

Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of refined nickel and palladium, and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

Debevoise has previously advised Norilsk Nickel on a number of similar finance and capital market matters. In October 2015, the firm advised Norilsk Nickel on a $1 billion Eurobond offering.

The Debevoise team advising on the new credit facility was led by London partner Alan Davies (Picture), and included Moscow partner Alan Kartashkin. The team also included associates Nik Kutnaks, Ekaterina Podbereznyak, and Daria A. Serebrova. Tax advice was provided by London partner Richard Ward, assisted by associates Ellie Mends and Ceinwen Rees.

Involved fees earner: Alan Davies – Debevoise & Plimpton; Alan Kartashkin – Debevoise & Plimpton; Nik Kutnaks – Debevoise & Plimpton; Ekaterina Podbereznyak – Debevoise & Plimpton; Daria Serebrova – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton; Ellie Mends – Debevoise & Plimpton; Ceinwen Rees – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Norilsk Nickel;