A US$200mn syndicated hedged revolving tolling facility for Russian Aluminium (Rusal) has closed oversubscribed. Proceeds will finance the production of primary aluminium.

ING, SG and WestLB were mandated lead arrangers with Commerzbank coming in as a senior lead arranger, UFJ as a lead arranger and BCP as a manager.

The two-year facility is available on a revolving basis by way of 120-day advances.
ING was co-ordinating bookrunner, with SG and WestLB joint bookrunners.

WestLB was also documentation, facility and security agent. SG was hedge provider and hedging agent, with all three acting as hedging risk participants.