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Big River Steel to repay term loan in full with notes proceeds
By Sara Rosenberg
New York, Sept. 8 – Big River Steel LLC plans to fully repay its term loan using a portion of the proceeds from an $875 million senior secured notes offering, according to a market source.
Remaining funds from the notes will be used to exercise the optional redemption of the company’s senior secured notes, to pay fees and expenses incurred in connection with the offering, and for general corporate and working capital purposes.
Big River Steel is an Osceola, Ark.-based operator of a steel mill and recycling facility.
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