07
Aug
18:28
US specialty steel producer extends credit line
PNC Bank in the US has increased the maximum line of revolving credit for Universal Stainless & Alloy Products of Bridgeville, Pennsylvania. A new 5-year agreement extends the credit line to $110 million and reduces the term loan facility to $10 million, Kallanish reports. Universal’s debts are collateralised by its accounts receivables, inventory and fixed assets. The new agreement expires in August 2023.
“We are very pleased to take anothe…
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Very good overview of the weekly steel market.
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