In-depth

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Perspective
24 March 2014

Stemcor boosted by new credit facility

Region:
Europe
Managing Director
Stemcor has secured a $1.15 billion syndicated loan from five lenders in what could be a major boost for the British steel trader. The facility follows a high court ruling last month that allowed Stemcor to restructure its $1.3 billion debt – despite a court challenge from one of its creditors.

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