24
Aug
20:19
Big River snags $1.225 billion in financing
US steelmaking newcomer Big River Steel has secured $1.225 billion in financing, Kallanish learns from a company release.
The financing takes the form of $600 million in senior secured notes, due 2025, a six-year $400m secured term loan facility and a five-year $225m asset-based lending facility.
"Big River Steel is extremely proud of the overwhelming support shown by the financial community and others as we achieved another significant milestone in the …
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Anonymous
Very good overview of the weekly steel market.
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