Rio steps up deleveraging pace

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Rio steps up deleveraging pace

Breaking news - 6 July 2009

Rio Tinto continued its deleveraging process on Monday when it agreed to sell its Americas food packaging business for $1.2bn. The divestment comes after the Anglo-Australian miner completed its $15.2bn rights issue at the end of last week, ending speculation about how it would repay its $7.15bn term loan ‘A’ due in October and its $8.1bn ‘B’ tranche maturing a year later. ..

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