Ringer, you are right...looks like a deal coming together for Essar.

A restructuring or an acquisition.

https://www.sootoday.com/local-news/essar-steel-algoma-gets-its-stay-422114

Essar Steel Algoma further confirms that the majority of its Term Lenders and Senior Secured Noteholders have advised that they have reached agreement on a Recapitalization Proposal (the “Proposal”) for the Company which contemplates either a restructuring plan or the acquisition of substantially all of the assets of Essar Steel Algoma.

in case it has been ....forgotten.

From a previous Essar article.... in July..

https://www.sootoday.com/local-news/largest-shareholder-in-sault-star-parent-company-wants-to-buy-our-steel-mill-343991

"Rothschild, the term lenders' financial advisor, will also become entitled to a significant success fee, to be paid by [Essar Steel Algoma], if the sale transaction is implemented," Friedman said in his affidavit.