Harland & Wolff secures vital loans to stave off administration
Crisis-hit Harland & Wolff, a British shipyard group, has been given a lifeline as it fights off going into administration. The company has reached a deal with its existing Wall Street lender Riverstone to expand its credit facility, on which it pays 14% interest, from £90m ($114.6m) to £110m. The shipyard group, famous for …
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