Alter Trading launches $300 million credit facility

By Sara Rosenberg

New York, Dec. 5 - Alter Trading Corp. held a bank meeting on Tuesday to launch its proposed $300 million credit facility, which includes a $225 million term loan tranche, according to a market source.

LaSalle Bank is the lead bank on the deal.

Proceeds will be used to fund an acquisition.

Alter Trading is a St. Louis-based scrap metal recycler and broker.

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