26
May
20:39
Algoma Steel expands revolving credit facility
Ontario, Canada-based Algoma Steel has increased its senior asset-based revolving (ABL) credit facility by $50 million to a total of $300m, extending the term limit of this agreement by an additional five years, until May 2028.
Kallanish understands the interest rate for this revolving credit facility will be based on the secured overnight financing rate with a spread adjustment of 10 basis points. There will be an applicable margin rate that applies to this…
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Anonymous
Very good overview of the weekly steel market.
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