07
May
13:41
Liberty Steel UK closes in on financing
Sanjeev Gupta has agreed a term sheet with White Oak Global Advisors for £200 million ($278m) of financing for Liberty Steel UK. The loan will be subject to due diligence and the approval of Credit Suisse Group, an informed source tells Kallanish.
GFG Alliance declined to comment.
White Oak Global Advisors also agreed to provide financing to Liberty Primary Metals Australia earlier in the week (see Kallanish passim).
Liberty Steel meanwhile appoi…
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Very good overview of the weekly steel market.
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