United Co. Rusal completed a $9.33 billion debt refinancing with lenders including OAO Sberbank, BNP Paribas (BNP) SA and ING Groep, reducing the curbs on dividends that were a condition of the borrowings it replaced.
Rusal extended a $4.6 billion loan from Sberbank and agreed to borrow $4.75 billion from another 13 lenders, the world's biggest aluminum producer said today in an e-mailed statement. The prior borrowing was part of a $17 billion debt restructuring in 2009 that imposed restrictions on payments to shareholders.
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