30
Dec
18:55
Steel Partners extends credit agreement
Steel Partners holding group has extended its credit agreement with a group of banks led by PNC Bank by five years, Kallanish learns.
According to an announcement made by Steel Partners, the group's new five-year, $600 million credit facility will include $50m for swing line loans, $50m for standby letters of credit, and a $75m currency sub-limit. Along with this, the credit agreement may permit Steel Partners to increase the credit facility by at least $300m,…
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Anonymous
Very good overview of the weekly steel market.
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