Steelmaker Renegotiates Capital Facility

Corus, Europe’s second-largest steel maker, has renegotiated its three-year £300 million ($497.7 million) securitization facility with Lloyds TSB and ING Group, its lenders.

  • 17 Aug 2009
Corus, Europe’s second-largest steel maker, has renegotiated its three-year £300 million ($497.7 million) securitization facility with Lloyds TSB and ING Group, its lenders. According to a top official of Tata Steel Group, Corus’ parent, the new facility will allow the company to “realize dues against sales immediately from ...

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