01
Jun
11:02
Samarco's restructuring debt plan advances
Samarco has signed a binding agreement with its co-owners Vale and BHP Billiton, and certain creditors that hold more than 50% of its notes and uncovered bank debt claims for its debt restructuring. The bankruptcy protection plan still needs to be approved by the Judicial Reorganisation court and creditors, Kallanish notes.
“Payments to the financial creditors will be made over time, in line with its [Samarco’s] operational ramp-up and cash flow g…
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Anonymous
Very good overview of the weekly steel market.
Anonymous