Liberty Steel reaches global debt restructuring agreement, still negotiating European debt

Steelmaker Liberty Steel, part of the GFG Alliance, has reached an agreement to restructure its global debt with some of its main creditors, although it is still negotiating debt restructuring for its European business, it said Nov. 15. The group has signed a term sheet with parties responsible for the main creditors of Greensill Capital, Greensill Bank and Credit Suisse…