Norilsk Niclel signed credit facility agreement with ING Commerical Banking

Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of a US$ 200 million 5-year bilateral unsecured facility agreement with bullet repayment at maturity with ING Commercial Banking in Russia.

The proceeds will be used for general corporate purposes and as a medium term liquidity buffer. "The execution of the Company’s strategy requires certain restrictions on the structure of our debt portfolio: Norilsk Nickel borrows at the lowest rates available on the market and does not increase its Net Debt position. Despite market instability the Company’s credit metrics and performance allow us to continue optimizing the structure and the cost of our debt" - said the Company’s Chief Financial Officer Sergey Malyshev.