Emirates Global Aluminium Agrees To US$137.5 MM Credit Facility Tied To Term SOFR
Emirates Global Aluminium PJSC (EGA) announced this week that it has entered into a new US$137.5 million revolving credit facility...
Zouhir Regragui
Emirates Global Aluminium Opens Sustainable Accounts With Citi And Standard Chartered
Emirates Global Aluminium PJSC (EGA) became among the first companies in the Gulf region to open sustainable corporate bank accounts with Citi and Standard Chartered bank this week. The sustainable corporate bank accounts EGA opened will ensure that the cash balances are...
EGA Retires US$361 MM In Indebtedness Early In 2021
Emirates Global Aluminium PJSC (EGA) announced last week the full repayment ahead of schedule of the project finance facilities that...
EGA’s Al Taweelah Refines Record 1.09 MMT Of Alumina In 2021’s First Half
Emirates Global Aluminium PJSC (EGA) turned in results for the first half of 2021 this week. The firm showed a...
Events
EGA Refinances US$5.5 Billion In Corporate Debt
Emirates Global Aluminium PJSC (EGA) completed a refinance of US$5.5 billion of its debt, reducing its debt load by US$1 billion. EGA’s refinance of the 2019 note is a senior unsecured note and extends the repayment date by two and a half years. The new note also features terms that materially reduces the cost of […]
EGA Inks US$6.5 Billion Debt Refinancing Loan
Emirates Global Aluminium PJSC (EGA) announced yesterday the successful completion of a US$6.5-billion term loan facility backed by a contingent of several regional and global financial institutions. EGA’s new note is a senior unsecured facility with a tenor of seven years and a flexible repayment profile, allowing the firm to be more agile in its […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
