Bain, Oaktree in talks to fund some of Guptaâs Australian units
Luca Casiraghi and Jack Farchy
Apr 22, 2021 â 4.15am
Save
Share
Bain Capital Credit, Oaktree Capital Group and White Oak Global Advisors are in talks to refinance some of Sanjeev Guptaâs borrowing from Greensill Capital at some of his Australian businesses.
The funds have been carrying out due diligence to provide at least $430 million to GFG Allianceâs Australian Mining and Primary Steel units, including the Whyalla steel mill in the south of the country, according to people familiar with the matter.
One of the funds could conclude a deal with GFG as soon as early May, said the people, who asked not to be named because the talks are private. There is no certainty the talks will result in a deal, the people said.
South Australia Restrictions: Hospitality to increase capacity to 75 per cent while churches and cinemas lift 100 per cent
9news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9news.com.au Daily Mail and Mail on Sunday newspapers.
South Australia to Build a New $700M Stadium
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
EU-Backed Block on Vaccine Shipment Won t Affect Australia s Rollout: Minister
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.