ICL, a multinational fertilizer and specialty chemicals company, has secured a $675 million revolving credit facility. The Israeli company has signed an agreement with a group of 17 banks from Europe, the U.S. and Israel.

The loan was undertaken as part of the company’s strategy of securing its access to credit and expanding its sources of funds. The loan is due to mature in 2016 and the basic rate for funds drawn up to $225 million will be 0.8%.

Click here for the release from PR Newswire.