Support The Moscow Times!

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)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more