Administration then Liquidation, page-39

The creditors are pushing Arrium to run a proper competitive process, reports The Sydney Morning Herald.
Meanwhile, Arrium urged a trading halt on the ASX until it clarifies on its financial future. The steel maker is battling growing debt and low iron ore prices. It will update the market on its talks with banks as the recapitalisation plan involving GSO Capital has been rejected.
The steelmaker’s shares will remain in a halt until the start of trading on April 6. On February 22, Arrium announced that GSO agreed to provide up to $US927 million in funding to reduce its debt and restructure its businesses.
The rescue plan is crucial in ensuring the survival of Arrium’s Whyalla steelworks, one of the key employers in South Australia.
The company employs more than 7,000 people across Australia and 22,000 around the world. Banks are obviously pushing the steel maker to entertain competing for rescue plans.
http://www.australianetworknews.com/steel-arrium-bankers/
(The above is most likely for tomorrow)