British businessman Sanjeev Gupta is attempting to raise more debt to finance his embattled steelmaking business in Whyalla, offering lenders security over iron ore mining tenements near the mill.
Gupta’s Liberty Primary Metals Australia has hired specialist corporate adviser Blackbird Partners to seek expressions of interest from senior lenders, according to a six-page flyer seen by Street Talk.
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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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
