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UC Rusal agrees to long-term debt restructuring

August 2009 - UC Rusal agreed to the principal terms of a long-term debt restructuring with the coordinating committee that represents more than 70 international lenders. The restructuring will consist of two phases, the first involving a maximization of efficiencies during the first four years and meeting periodical debt-reduction targets. The second phase involves refinancing the remaining debt by existing lenders for an additional three years. With the agreement, UC Rusal will settle its debt to international banks within seven years.
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