ACN 004 410 833 LTD 7 April 2016
Arrium Limited (ASX: ARI) (Arrium or the Company) today announces that Voluntary Administrators have been appointed to oversee the affairs of the Company and of those companies listed in the attached Schedule (together, the Relevant Companies).
Said Jahani, Paul Andrew Billingham, Michael Gerard McCann and Matthew James Byrnes each of Grant Thornton have been appointed to act as Voluntary Administrators for each of the Relevant Companies.
As previously announced, Arrium has been in discussions with its lenders (banks and noteholders) following the lenders' rejection of the recapitalisation plan for Arrium involving GSO Capital Partners LP (on behalf of funds managed by it and its affiliates) that was announced on 22 February 2016.
These discussions have now ceased. After considering the available alternatives, in the current circumstances it has become clear to the board of Arrium that it has, unfortunately, been left with no option other than to place the Relevant Companies into voluntary administration in order to protect the interests of stakeholders.
Arrium Finance Pty Limited
Arrium Iron Ore Holdings Pty Limited
Arrium Limited
LiteSteel Technologies Pty Ltd
OneSteel Coil Coaters Pty Ltd
OneSteel Manufacturing Pty Limited
OneSteel NSW Pty Limited
OneSteel Recycling Pty Limited
OneSteel Reinforcing Pty Limited
OneSteel Stainless Pty Limited
OneSteel Trading Pty Limited
OneSteel US Investments 1 Pty Ltd
OneSteel Wire Pty Limited
Southern Iron Pty Ltd
SSX Pty Limited
The Australian Steel Company (Operations) Pty Ltd
Whyalla Ports Pty Ltd
XMS Holdings Pty Limited
Austube Mills Holdings Pty Limited
Austube Mills Pty Limited
Central Iron Pty Ltd
Coober Pedy Resources Pty Ltd
Metpol Pty Ltd
OneSteel US Investments 2 Pty Ltd
P&T Tube Mills Pty Ltd
Tubemakers of Australia Pty Limited
OneSteel Americas Holdings Pty Limited
OneSteel MBS Pty Limited
OneSteel Recycling Holdings Pty Ltd
OneSteel Recycling Overseas Pty Limited
OneSteel Stainless Australia Pty Limited
SSX Acquisitions Pty Limited
SSX International Pty Limited
SSX Services Pty Limited
Comsteel Pty. Limited
SSG No.2 Pty Ltd
SSG No.3 Pty Ltd
SSX Holdings Pty Limited
The ANI Corporation Pty Limited 40. A.C.N. 006 769 035 Pty Ltd
Akkord Pty Limited
ANI Construction (W.A.) Pty. Limited
Atlas Group Employees Superannuation Fund Pty. Ltd.
Atlas Group Staff Superannuation Fund Pty. Ltd.
Atlas Group Superannuation Plan Pty Ltd
Australian National Industries Pty Ltd
Australian Wire Industries Pty Ltd
AWI Holdings Pty Limited
B.G.J. Holdings Proprietary Limited
Bradken Consolidated Pty Limited
Cockatoo Dockyard Pty Limited
Eagle & Globe Pty Limited
Email Accumulation Superannuation Pty Ltd
Email Executive Superannuation Pty Ltd
Email Holdings Pty Limited
Email Management Superannuation Pty Ltd
Email Metals Pty Ltd
Email Pty Ltd
Email Superannuation Pty Limited
Emwest Holdings Pty. Ltd.
Emwest Properties Pty Limited
GSF Management Pty Limited
J. Murray-More (Holdings) Pty Ltd
John Mcgrath Pty Ltd
Kelvinator Australia Pty Ltd
Litesteel Products Pty Ltd
Metals Properties Pty. Ltd.
Metalstores Pty Limited
N.K.S. (Holdings) Proprietary Limited
O Dee Gee Co. Pty. Ltd.
OneSteel Building Supplies Pty Limited
OneSteel Queensland Pty Limited
OneSteel Technologies Pty Limited
Overseas Corporation (Australia) Pty Ltd
Palmer Tube Mills Pty Ltd
Pipeline Supplies of Australia Pty Limited
ReoSteel Pty. Ltd.
Roentgen Ray Pty Ltd
SSG Investments Pty Ltd
SSGL Share Plan Nominees Pty Ltd
SSX Employees Superannuation Fund Pty Ltd
SSX Retirement Fund Pty Ltd
SSX Staff Superannuation Fund Pty Ltd
Tasco Superannuation Management Pty Ltd
Tube Estates Pty. Ltd.
Tube Street Pty Ltd
Tube Technology Pty. Ltd
Tubemakers Somerton Pty Limited
Western Consolidated Industries Pty Ltd
X.C.E. Pty Ltd
XEM (Aust) Pty Limited
XLA Pty Ltd
XLL Pty Ltd
Zinctek Pty. Ltd.
Arrium Limited issued this content on 07 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 April 2016 23:08:23 UTC
