30
Mar
11:10
GFG sees large funding interest, eyes standstill agreement
GFG Alliance has received substantial interest from sources looking to refinance its debt, which is in the “many billions”, says its executive chairman and chief executive Sanjeev Gupta. The group is in talks with collapsed lender Greensill Capital’s administrators for a formal standstill agreement.
A standstill agreement would allow GFG to pause its debt payments to Greensill, Kallanish notes.
Gupta said in a publicly-available GFG employee pod…
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Anonymous
Very good overview of the weekly steel market.
Anonymous