Street Talk

Private credit heavyweights in exclusivity to save Gupta’s InfraBuild

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Mar 6, 2025 – 10.44am, first published at 10.04am

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InfraBuild, the crown jewel in British magnate Sanjeev Gupta’s crumbling steel-making empire, is in advanced talks with two lenders to secure a financial lifeline.

Street Talk can reveal Boston-headquartered Gordon Brothers and private markets investor Alpha Wave Global have been in negotiations to provide a $US150 million ($237 million) asset-backed lending facility to the steel manufacturer. While the situation remains fluid, the two firms have inked an exclusivity agreement with Gupta, sources said.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.