Tata Steel wraps up jumbo refinancing

Indian steel giant Tata Steel wraps up jumbo $3.1 billion refinancing with 34 lenders, giving it breathing room.

Tata Steel, the Indian steel group, has wrapped up its $3.1 billion multi-currency loan facility, attracting a total of 34  lenders and giving it some breathing room as the company struggles with a slump in the demand for steel in Europe.

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