17
Nov
22:18
Ryerson adjusts credit facility
US service centre chain Ryerson has tweaked its credit facility to give itself more affordable liquidity, the company says in a statement.
Ryerson reduced its total credit facility size to $750 million, reduced its interest rate by 25 basis points and pushed its maturity date back to 16 November, 2021, Kallanish understands.
"Ryerson's strong financial performance and capital structure improvements allowed us to lower the interest rate and extend the…
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