25
Oct
11:55
Bekaert refinances wire rope subsidiary debt
Wire producer Bekaert has completed the refinancing of the outstanding debt incurred by Bridon-Bekaert Ropes Group (BBRG), the Belgian company says in a release. It also expects to close its equity share acquisition in BBRG by the end of this month, Kallanish notes.
The refinancing includes the use of a bridge loan with a group of banks, preceding a permanent long-term funding decision and the repayment of €294 million ($335.4m) to the BBRG l…
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Anonymous
Very good overview of the weekly steel market.
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