29 September 2010
Corporate News

Tata Steel executes agreements for the refinancing of its debt in Europe

Tata Steel today executed agreements for the refinancing of its European operations.

Tata Steel UK Holdings, a 100% indirect subsidiary of Tata Steel Limited, signed a Senior Facility Agreement with a syndicate of 13 banks for a £3.53 billion  term loan and revolving credit facility which is intended to replace in full the current  term loan and revolving credit facilities entered into at the time of the acquisition of Corus Group plc in 20