19
Jan
13:37
Synalloy increases borrowing power, positions for growth
Specialty pipe and chemical producer Synalloy has inked a new four-year, $150 million revolving credit facility.
The new facility increases its borrowing power by $50m and is slated to mature in 2025. BMO Harris Bank is serving as sole lender, Kallanish notes.
“This refinancing expands Synalloy’s access to capital on very favorable terms,” says interim ceo Chris Hutter. “The new facility strengthens our balance sheet and provides gre…
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Very good overview of the weekly steel market.
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