LONDON—U.K. metals tycoon Sanjeev Gupta secured $125 million in new financing for his steel-manufacturing operations in the U.S., providing financial relief to a part of his global empire amid a wider restructuring following the collapse of specialty lender Greensill Capital.
Liberty Steel USA said it received the funding from Eclipse Business Capital, a U.S. lender. It replaces an existing loan with Wells Fargo & Co. and Bank of Montreal, said a person familiar with the deal.
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