RUSAL is trying to postpone the repayment of two syndicated loans, $4.75 billion and $400 million ones. The $4.75 billion loan must be redeemed in two tranches in 2016 and 2018, and the $400 million one in 2018.
In April, RUSAL agreed with the creditors on forbearance until July 7.
94% of creditors support the refinancing. According to the statement, the refinancing rules may be confirmed by courts if at least 75% of creditors agree on the changes.
The claims may be considered by the London’s High Court on July 10 and by the Royal Court of Jersey on July 15, the company said.