"If the recapitalisation plan is implemented:  GSO will provide...

"If the recapitalisation plan is implemented:
 GSO will provide up to US$927 million in funding to Arrium;1
 Arrium’s debt will be significantly reduced, allowing the company to retain its world-class Mining
Consumables business which continues to perform well;
 Arrium will have funding to use towards turning around or restructuring its steel and mining
businesses to make them more sustainable; and
 Arrium shareholders will have the opportunity to participate in a renounceable pro-rata rights
issue.
The funding to be provided by GSO if the recapitalisation plan is implemented will comprise:
 A new 6 year senior secured term loan of approximately US$665 million2; and
 A renounceable pro-rata rights issue to Arrium's shareholders to raise approximately US$262m3
which will be fully underwritten by GSO and/or a professional underwriter.
These funds would primarily be used to retire outstanding debt of the company at the time the​

recapitalisation is implemented."

not signed yet. due dillligence