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Whyalla owner races towards refinancing to stave off Credit Suisse liquidation push
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The owner of the Whyalla steel mill says it is close to sealing a refinancing deal with a new group of lenders that may quell a push by its major creditor Credit Suisse to place the business into liquidation.
Billionaire steel tycoon Sanjeev Gupta’s Australian steel and mining companies said in a statement on Wednesday that it was in advanced talks with new lenders and was hoping to strike a refinancing arrangement that would allow it to pay back its creditors. ....

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