RusAl to Change Terms of $3.6Bln Debt | News | The Moscow Times:
"Aluminum giant RusAl said it expects to reach an agreement with lenders soon to revise the terms of its $3.6 billion syndicated debt, as it struggles to repay its loans amid depressed aluminum prices.
The loss-making company also called on major producers, including in China, to cut aluminum output to aid a recovery in prices.
The world's biggest aluminum producer won a deal with lenders in April to defer the repayment dates of syndicated facilities by three months until July 7.
"We are currently finalizing the terms with the remaining banks and we hope to close the deal in the next couple of months," Deputy CEO Oleg Mukhamedshin told reporters in Hong Kong, where the company has its primary listing, after its annual meeting."
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