trending Market Intelligence /marketintelligence/en/news-insights/trending/hNnB2rQ7u5OqdN4kGXVIiA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Arrium shares suspended as talks continue with lenders

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Arrium shares suspended as talks continue with lenders

Arrium Ltd.on April 6 requested a voluntary suspension of its common shares on the ASX as itnegotiates with its lender banks and note holders to restructure about A$2 billionin outstanding debt.

"[R]einstatement of trading in its shares at this stagemay be materially prejudicial to the outcome of those discussions and its abilityto complete a recapitalization or restructure which is critical to the company'scontinued financial viability," the company said.

Arrium expects to announce the outcome of the talks within aweek.

Recently, creditors of Arrium rejected a US$927 million recapitalization proposal from U.S.-based GSO Capital PartnersLP.