--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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