06
Sep
19:38
Synalloy signs new credit, real estate agreement
US specialty steel and chemical producer Synalloy has secured a new asset-based credit facility (ABL) and real estate agreement to pay down its debt and possibly expand its capabilities, Kallanish learns from a company statement.
The $45 million credit facility with bank Branch Banking and Trust Company will be used to refinance the company’s extant credit line and two loans totalling $24.2m. The real estate sale-leaseback agreement is expected to net the …
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Anonymous
Very good overview of the weekly steel market.
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