Epic Research Update : Tata Steel

Tata Steel’s 100% indirect subsidiary – Tata Steel UK Holdings (TSUKH) has executed agreements for the refinancing of its bank debt through term loan and revolving credit facilities of euro 3.05 billion. The debt was originally incurred in relation with the acquisition of Corus Group plc in 2007. The new financing structure consists of a 5-year loan of euro 370 million, a 6 year revolving credit facility for working capital purposes of 700 million pound and a 7-year loan of euro 1.8 billion, with more favourable terms and pricing relative to the earlier debt.



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Posted in: Indian Market Tips