A syndicate of 17 banks, mostly foreign, is providing the credit.
Israel Chemicals Ltd. (TASE: ICL) has signed an agreement with a syndicate of 17 banks for a $675 million five-year credit line. Most of the banks are foreign.
$225 million of the credit line will bear LIBOR + 0.8%. The interest rate on additional amounts will carry an additional interest rate of 0.15-0.3%.
Israel Chemicals' share price fell 3% by midday to NIS 52.53.
Published by Globes [online], Israel business news - www.globes-online.com - on March 15, 2011
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