Home / Centerstage / 2016 / february / Week 3 /
Arrium Ltd. reaches a recapitalization agreement with GSO Capital Partners, a unit of The Blackstone Group, for up to US$927 million in funding. This move aims to help the steelmaker and iron-ore miner pay down existing debts amidst a downturn in global iron-ore markets. The plan includes a senior secured term loan and a rights issue, enabling Arrium to retain its mining consumables business.
Saturday, 20 February, 2016