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