GFG Alliance Says Deal With Glencore to Refinance Aluminum Unit Debt Is Agreed -Reuters
July 09 2021 - 12:25PM
Dow Jones News
--GFG Alliance Ltd. has agreed a deal with commodities producer
and marketer Glencore PLC to refinance debt on its aluminum unit,
Reuters reports, citing an internal note sent to GFG staff.
--Glencore will provide facilities to acquire most of the debt
on the European aluminum smelters owned by metals magnate Sanjeev
Gupta's GFG, Reuters reports.
--The debt will be repackaged as a loan payable over six years,
according to Reuters.
Full story: https://reut.rs/3AM4pgF
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(END) Dow Jones Newswires
July 09, 2021 12:21 ET (16:21 GMT)
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