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RusAl Borrows $400M

Aluminum company RusAl entered into a syndicated credit facility agreement of up to $400 million with international banks aimed at early partial debt prepayment, the company said in a press release, Interfax reported.

"The financing will be provided by a syndicate of international banks, including ING Bank as the coordinating mandated lead arranger, and Bank of China and Nordea Bank as the mandated lead arrangers, UniCredit Bank Austria, UniCredit Bank, Raiffeisen Bank International and Societe Generale as the senior lead arrangers," RusAl said.

In early February, the company intends to prepay the scheduled amortizations of principal due for the third and fourth quarters under the $4.75 billion syndicated facility dated Sept. 29, 2011, for $406 million, RusAl said.

(MT)

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