UC Rusal completes debt restructuring
Edited by Rhod Mackenzie / 2014-08-21 08:31:27
The largest aluminum producer UC Rusal has completed its debt restructuring for a total sum of $5.15 billion in the courts.
On August 4th, UC Rusal announced about 100% agreement of its creditors for refinancing of the syndicated credits for a total sum of $4.75 billion and $400 million. For formal completion of refinancing, UC Rusal closed with the creditors the Agreement about introduction of additions and amendments that became valid from August 20th 2014.
By the end of March, net debt of UC Rusal was $10.3 billion.
