GFG Alliance Debt Approaching USD 7 Billion - Argus
GFG Alliance DebtQuartz

GFG Alliance Debt Approaching USD 7 Billion - Argus

Argus media reported that, according to draft documents drawn up by advisers that Argus obtained late last week GFG Alliance has total debt of around USD

Argus media reported that, according to draft documents drawn up by advisers that Argus obtained late last week GFG Alliance has total debt of around USD 6.8 billion and an equity value of just USD 123 million.

  1. Liberty Steel East Europe – USD 2.8 billion debt and an equity value of minus USD 1.6 billion

  2. Liberty Commodities – USD 1.1 billion debt

  3. UK business – USD 843 million

  4. Infrabuild – USD 403 million debt and an equity value of USD 2.1 billon

Liberty is trying to raise cash against less indebted and higher equity assets, such as long steel products manufacturer Infrabuild, while professional services firm Alvarez and Marsal works on a restructuring plan.

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