Capital Star Steel $34 million debt restructuring

Overview:

• Mozambican based Capital Star Steel has restructured $34.8 million of corporate debt as part of its acquisition by South African company Lionsteel. 
• A syndicate of banks including Banco Internacional de Moçambique (BIM), African Banking Corporation and Banco Société Générale de Moçambique acted as lenders to the company. 
• SCAN (Bergentino Americo) acted for Capital Star Steel alongside ENSafrica as South Africa counsel.
• Couto Graça & Associados advised BIM.

John Crabb - Journalist - EMEA