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RUSAL signs agreements with main creditors on 9 bln dlr debt refinancing

September 29, 2011, 20:27 UTC+3
On September 29, 2011 there was also concluded and effected an agreement with 13 international and local banks amounting to 4.75 billion dollars
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MOSCOW, September 29 (Itar-Tass) —— RUSAL has completed the process of signing agreements with the major creditors to refinance a debt of 9.33 billion dollars, the press service of the company said.

"In particular, on September 23, 2011 there was signed and entered into force an additional agreement with the savings bank Sberbank amounting to 4.58 billion dollars,” RUSAL said in a statement. On September 29, 2011 there was also concluded and effected an agreement with 13 international and local banks amounting to 4.75 billion dollars."

The company’s director of corporate development and equity, Oleg Mukhamedshin, said: "Despite the difficult situation in global financial markets RUSAL, as planned, successfully completed a deal to refinance the debt with major creditors."

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