GFG Alliance’s Australia-based subsidiary InfraBuild has announced that it has secured a US$350 million loan, which will enable the company to pursue its growth targets.
The company’s growth targets include the potential acquisition of steel assets in the US currently owned by GFG Alliance. The loan provides InfraBuild with capital to focus on strategic initiatives to capitalize on the increasing demand for low-carbon steel.
“This financing provides strategic capital to InfraBuild, which will enable us to continue to grow our business and service a customer base which spans the infrastructure, commercial and residential construction, agriculture and mining markets,” Dak Patel, InfraBuild interim CEO and managing director, said.
