OREANDA-NEWS. UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUALR/RUALRS), a leading global aluminium producer, is pleased to announce that the Company has obtained 100% credit approvals from all its lenders for the proposed amendments to the USD4.75 billion and USD400 million PXF facilities.

In order to technically complete the refinancing, the Company intends to proceed with the execution of the amendment agreement, pursuant to which the two PXF will be combined into a single facility agreement, as soon as practicable.

Oleg Mukhamedshin, Deputy CEO, Director of Strategy, Business Development and Financial Markets at UC RUSAL commented: “We are pleased to announce finalization of the refinancing. Agreements reached with our lenders will allow to strongly improve the Company's debt profile and maintain a sustainable cash position in anticipation of aluminium market rebound.”

The formal technical procedure for signature of related documents has already been launched. The Company will make a further announcement once the amendment agreement is executed and the scheme of arrangement is formally discontinued.