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Birmingham Post
Birmingham Post
Business
David Laister

Liberty Steel secures time with Greensill as debt rstructuring continues

Liberty South Yorkshire

Liberty Steel Group has entered a standstill agreement with Greensill Bank.

It pauses all enforcement actions between the South Yorkshire headquartered business and the subsidiary of the collapsed financial institution as it focuses on recovery.

Greensill Bank, part of Greensill Capital, is Liberty’s largest creditor on the business’s debt facilities, provided in 2019.

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