--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
07-09-21 1221ET