UC "RUSAL" signs an agreement to refinance the syndicated loans worth $ 5.15 billion.
Edited by Rhod Mackenzie / 2014-08-21 06:59:32
UC "RUSAL" completed the procedure of refinancing the syndicated loans totaling $ 5.15 billion, the company states on the website of the Hong Kong Stock Exchange. The arrangement with the creditors entered into force on 20th August 2014.
On August 18th, 2014 two loans - in the amount of $ 4.75 billion and $ 400 million - were merged into a single line of credit. The company entered into an agreement to receive the pre-export loan for $ 4.75 billion in 2011. The multicurrency pre-export loan for $ 400 million was drawn in 2013.
