Tata Steel mulls $600m refi for Canada arm

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By Shruti Chaturvedi
10 Mar 2016

Tata Steel is speaking to banks for a $600m loan to refinance debt related to its Canadian operations, GlobalCapital Asia understands.

Details on tenor and timing are yet to be confirmed, according to sources, but the loan is understood to involve Tata Steel Minerals Canada, a joint venture set up in 2010 by Tata Steel. Tata owns 94% of the JV and New Millennium Iron Corp owns the rest.

The ...

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