Steel Products
August 24, 2017
Big River Steel Closes on Financing
Written by Sandy Williams
More than a billion dollars of financing is headed to Big River Steel. The Osceola, Ark., steel company announced Thursday that it has closed on $1.225 billion of financing that will be used to refinance a substantial majority of its outstanding debt and for general corporate and working capital purposes.
The financing includes $600 million of senior secured notes due 2025, a six-year $400-million senior secured term loan facility, and a five-year $225-million asset-based lending facility.
