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home / news releases / ASTL - Algoma Steel upsizes ABL facility to $300M; maturity extended to 2028

ASTL - Algoma Steel upsizes ABL facility to $300M; maturity extended to 2028

Algoma Steel Group Inc.

2023-05-25 17:55:57 ET

  • Algoma Steel ( TSX: ASTL:CA ) ( NASDAQ: ASTL ) said Thursday it has upsized its ABL credit facility from US$250 million to US$300 million.

  • The company also extended the term of the ABL credit facility to May, 2028.

  • Algoma said it now has about US$260 million of unused availability on the ABL facility, with existing usage primarily related to letters of credit.

  • Press Release .

For further details see:

Algoma Steel upsizes ABL facility to $300M; maturity extended to 2028
Stock Information
Company Name: Algoma Steel Group Inc.
Stock Symbol: ASTL
Market: NYSE
Website: algoma.com
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