Walkers advise on $1billion facility for Rusal

Thursday 21 November 2019

Walkers have advised the lenders to international aluminium giant Rusal on the Jersey law aspects of a $1 billion pre-export finance facility.

Walkers' Jersey Banking & Finance team advised ING on the Jersey law elements of the five-year $1,085 million facility for the company, which is the world's biggest producer of green aluminium.

The Walkers team was led by Partner Nigel Weston, working alongside Senior Counsel Jon Le Rossignol and Associate Ellen Jarvis.

Walkers also worked with Lead Counsel Clifford Chance on the financing.

Mr Weston said: "We are pleased to have supported Clifford Chance and ING on such a significant piece of work, having also advised lender-side on Rusal's existing $2 billion pre-export finance 2017 facility, which the proceeds of this facility will be used to partly refinance."