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Essar Steel Approved For High-Priced, $35M DIP In Del. Ch. 11

By Jeff Montgomery (July 26, 2016, 8:37 PM EDT) -- Essar Steel Minnesota LLC won a Delaware bankruptcy court's interim approval Tuesday for a $35 million debtor-in-possession loan under steep terms that the company acknowledged as expensive and that one creditor group called "astonishing."...

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