Rusal says Russian lenders have agreed to to refinance 70 pct of its debt
12 May 2014 23:35
(Minews) - Aluminium giant United Company Rusal Plc said on Friday its Russian lenders have agreed to refinance 70 percent of its debt and it expects to reach an agreement with all its lenders soon.
Deputy CEO Vladislav Soloviev, speaking to reporters in Hong Kong, said the firm expects to reach an agreement with all of its lenders "in the very near future".
The loss-making company won a deal with lenders in April to amend the terms of syndicated facilities covering $3.7 billion of debt and defer repayments by three months until July 7.
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