05
Mar
20:05
GFG seeks new funding sources as Greensill buckles
Liberty Steel parent GFG Alliance says it is advancing in talks to find new sources of funding following the developments that have left major lender Greensill Capital in serious trouble.
After Credit Suisse suspended activity at $10 billion worth of supply chain funds linked to Greensill Capital last Monday, the bank said on Friday it was terminating these funds and commencing repayments to investors.
“The valuation uncertainty with respect to certain inve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous