18
Feb
14:28
Gallardo Balboa wants to renegotiate debt
Spanish steelmaking group Gallardo Balboa says it has begun a process to renegotiate "…in extremis" its debt with lender Kohlberg Kravis Roberts (KKR), Kallanish learns from a note by the company.
The unsustainable conditions of the financing imposed by KKR, with an interest rate of 14%, put in danger the viability of Gallardo Balboa and its jobs, says Gallardo Balboa in the statement.
The company confirms that it has complied with …
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Anonymous
Very good overview of the weekly steel market.
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