UC Rusal is likely to complete debt refinancing talks in almost four weeks, Bloomberg reports. Rusal has appointed banks, such as BNP Paribas and ING Groep, to arrange a $4.75 billion loan to refinance debt to international lenders, which may be raised to at most $5 billion.

The credit facility will be split into two tranches of about $4.25 billion and $1 billion. With the funding, the company will pay dividends and pay back debt to Onexim Group. Russian lender Sberbank is refinancing $460 million of debt, while $655 million loan will be provided by Gazprombank. Both facilities will mature in 2016.

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