 "sanjeev gupta")
Sanjeev Gupta’s steel unit Liberty Steel Group has signed a restructuring deal with its biggest creditors, a significant step in his attempt to refinance debts.
Gupta’s company agreed in principle on a term sheet covering debts owed to Credit Suisse and units of Greensill Capital, the financial firm which was his largest lender until it collapsed last year, according to an emailed statement on Tuesday. While the deal remains subject to documentation and internal approvals, it will halt a court action taken against Gupta’s firms by the Swiss bank, it said.
Gupta’s sprawling group of metals firms, gathered under a
