13
Jun
21:23
Liberty secures Greensill standstill agreement for European debt
Liberty Steel Group has entered into a standstill agreement with Greensill Bank, its largest creditor, on the debt facilities relating to its European steel businesses. All enforcement actions are thereby paused between the parties over the Greensill Bank debt facilities provided to Liberty in 2019, the steelmaker tells Kallanish.
The agreement is valid until end-October and could be extended until year-end. Detailed due diligence and information exchange continue…
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Anonymous
Very good overview of the weekly steel market.
Anonymous