Creditors of Rusal, the world’s largest aluminum producer, have voted for a scheme to refinance the Russian company’s US$5.15 billion loans.
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An employee operates a vehicle near a mixer of fused aluminium at the Rusal foundry in Krasnoyarsk. Rusal still needs to agree on a $3.6 billion restructuring deal with banks after getting approval for the restructuring of its $5.15bn debt. Ilya Naymushin / Reuters -
Rusal has a net debt of $10.3 billion as of late March, plans to sign agreements on restructuring its $4.75bn and $400 million syndicated loans in September. Ilya Naymushin / Reuters -
Rusal has aluminum assets in 13 countries. Above, inside the Rusal foundry in the Siberian city of Krasnoyarsk. Ilya Naymushin / Reuters -
In early June, Rusal postponed payments on its $3.6 billion debt until October. Ilya Naymushin / Reuters -
An employee works near a mixer of fused aluminium at the Rusal foundry in Krasnoyarsk. Ilya Naymushin / Reuters -
Rusal accounts for almost nine per cent of the world's primary aluminium output. Ilya Naymushin / Reuters -
An aluminium ingot weighing 15 tonnes is transported inside the Rusal foundry in Krasnoyarsk. Ilya Naymushin / Reuters -
Rusal accounts for almost nine per cent of the world's primary aluminium output. Ilya Naymushin / Reuters -
Rusal has aluminum assets in 13 countries. Above, inside the Rusal foundry in the Siberian city of Krasnoyarsk. Ilya Naymushin / Reuters -
An aluminium ingot weighing 15 tonnes is transported inside the Rusal foundry in Krasnoyarsk. Ilya Naymushin / Reuters
In pictures: Rusal gets reprieve on $5.5bn debt
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