Wednesday, 2 July 2014

RusAl Freezes Loan Payments | News | The Moscow Times

RusAl Freezes Loan Payments | News | The Moscow Times:



"Struggling aluminum giant RusAl has agreed with its creditors to extend a period of forbearance on debts of more than $5 billion until November, Interfax reported Wednesday, citing a company statement.



The company will freeze repayments on two loans — a $4.75 billion pre-export financing loan and a another $400 million loan.



The previous freeze on loan repayments was to expire on July 7."



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