Gerdau Ameristeel gets $650 million amended, restated revolver

By Sara Rosenberg

New York, Nov. 1 - Gerdau Ameristeel Corp. closed on a $650 million amended and restated revolver credit facility due October 2010, according to a company news release.

The amended and restated facility replaces the company's previous $350 million revolver.

Security is accounts receivable and inventories.

Gerdau Ameristeel is a Tampa, Fla.-based minimill steel producer.

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