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home / news releases / SPLP - Steel Partners announces five-year/$600M credit facility

SPLP - Steel Partners announces five-year/$600M credit facility

Steel Partners Holdings LP LTD PARTNERSHIP UNIT
Steel Partners (NYSE:SPLP) has amended and extended its credit agreement with a syndicate of banks led by PNC Bank, National Association. The new five-year/$600M revolving credit facility covers substantially all SPLP entities, except Steel Partners' WebBank subsidiary. It includes $50M sub-facility for swing line loans, $50M sub-facility for standby letters of credit and $75M currency sub-limit (available in euros and pounds sterling). The company has the option to increase the facility by at least $300M. Proceeds from the credit facility will be used for general corporate purposes.

For further details see:

Steel Partners announces five-year/$600M credit facility
Stock Information
Company Name: Steel Partners Holdings LP LTD PARTNERSHIP UNIT
Stock Symbol: SPLP
Market: NYSE
Website: steelpartners.com
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