EGA concludes a $6.5bn corporate debt transaction

Emirates Global Aluminium has announced the successful completion of a $6.5 billion term loan facility with a group of leading global and regional banks. The refinancing of EGA’s corporate debt optimises the aluminium giant’s capital structure by reducing the cost of debt, creating more flexibility for repayment, and aggregating debt at the EGA level. The term loan facility amends, extends and upsizes EGA’s existing $4.9 billion term loan facility agreed in December 2015. The proceeds from the increase in facility size have been used to fully repay a $1.8 billion term loan facility extended to EGA’s subsidiary Dubai Aluminium (DUBAL).…