Bedell Cristin acts on $5 billion debt restructuring
04 August 2015
Bedell Cristin have acted on the recent successful restructuring of syndicated bank facilities of over $5 billion for United Company Rusal plc ("Rusal"), a Jersey company listed on the Hong Kong Stock Exchange, which is one of the world's largest producers of aluminium with operations in 19 countries and more than 61,000 employees.
The case involved parallel creditors' schemes of arrangement which came before the Courts of both England and Jersey on 10 and 15 July 2014 respectively. Having obtained orders from the respective Courts to commence the scheme process, Rusal's further negotiations with lenders led to a consensual restructuring.