Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. The revolving credit facility is secured primarily by the accounts receivable, inventory and property and equipment of the Company, excluding real estate. The facility includes an increase option of up to $200 million. Additionally
Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. The revolving credit facility is secured primarily by the accounts receivable, inventory and property and equipment of the Company, excluding real estate. The facility includes an increase option of up to $200 million. Additionally