AusSuper piles into $230m Pilbara deal to buy Altura – The Australian Financial Review

It’s a quick-fire sale for Altura, which was tipped into receivership by its loan note holders including fund managers Castlelake, CarVal, Nomura and Clearwater Capital less than 48 hours ago.
The sale marks a big about face in Altura’s fate.
The company thought it had a $150 million-odd equity raising ready to roll earlier this week to avoid going into receivership, but its debt holders pulled the rug out from underneath it on Monday afternoon.
The company desperately needed money before its debt…

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