Business
Greensill Capital: Infrabuild suppliers nervous but CEO says ‘storm’ will pass – The Australian Financial Review
The boss of InfraBuild admits suppliers have become wary amid the collapse of Greensill Capital, but insists it can come through Sanjeev Gupta’s ‘storm’.
Sims said on Tuesday its relationship with InfraBuild was strong.
The supplier issues come during the steel sectors seasonal working capital lull, which traditionally follows de-stocking by customers over the Christmas period. Mr Patel said InfraBuild had budgeted for this and was managing it well.
InfraBuild is funded by a $US325 million bond raised in September 2019 and an asset-backed lending facility, with Mr Patel revealing InfraBuild was close to finalising new members of the lending syndicate…
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