Algoma steel upsizes abl credit facility and extends maturity date to 2028

Sault ste. marie, ontario, may 25, 2023 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or “the company”), a leading canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has successfully upsized its senior secured asset-based revolving credit facility (“abl credit facility”) from us$250 million to us$300 million and extended the term of the abl credit facility to may, 2028.
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