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Olympic Steel Increases And Extends Asset Based Credit Agreement To Support Future Growth


Wednesday, 13 Dec 2017 07:30am EST 

Dec 13 (Reuters) - Olympic Steel Inc ::OLYMPIC STEEL INCREASES AND EXTENDS ASSET BASED CREDIT AGREEMENT TO SUPPORT FUTURE GROWTH.OLYMPIC STEEL INC - ‍LOAN AGREEMENT INCREASED TO $400 MILLION; TERM EXTENDED TO 2022​.OLYMPIC STEEL INC - ‍ENTERED INTO AN AMENDED AND RESTATED FIVE-YEAR LOAN AND CREDIT AGREEMENT​.OLYMPIC STEEL INC - NEW CREDIT AGREEMENT ALLOWS FOR LENDERS TO INCREASE COMMITMENTS UP TO A TOTAL OF $600 MILLION, SUBJECT TO CERTAIN CONDITIONS.OLYMPIC STEEL INC - AMENDED AND RESTATED FACILITY INCREASES SIZE OF CREDIT FACILITY FROM $365 MILLION TO $400 MILLION​.OLYMPIC STEEL INC - AMENDED AND RESTATED FACILITY EXTENDS MATURITY TO DEC 8, 2022. 

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