BRIEF-Essar Steel Algoma says consortium agreement terminated term lenders intend to proceed independently
July 14 (Reuters) - Essar Steel Algoma Inc
* Consortium agreement terminated; term lenders intend to proceed independently
* Received notice from term lenders that consortium agreement between kps capital partners lp and certain term lenders has been terminated
* Term lenders have indicated they remain committed to going-concern outcome for algoma and all of its stakeholders
* Seeking an adjournment of motion for approval of asset purchase agreement Source text for Eikon: (Bengaluru Newsroom; +1 646 223 8780; )
© Thomson Reuters 2016 All rights reserved.