The statement again confirmed that GFG Alliance had reached a formal standstill agreement with Credit Suisse Asset Management over LPMA debts related to Greensill bonds, which will enable the business to complete full refinancing.
And it confirmed that the deal with US private equity firm White Oak Global Advisers to refinance LPMA which includes the Whyalla steelworks in South Australia would be sufficient to pay out LMPAs Greensill debt in full.
Solar sale
But GFG is still looking to sell, or find a partner for, its Cultana Solar Farm and Playford Battery projects in South Australia, which are owned by the conglomerates energy arm SIMEC.
The options under consideration will include SIMEC retaining an interest, and with GFG retaining…
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