Aperam completes $800 million three-year revolving credit facility

By Marisa Wong

Madison, Wis., March 16 - Aperam announced it signed an $800 million three-year secured borrowing base revolving credit facility.

Societe Generale Corporate and Investment Banking is the facility agent and security agent.

A total of nine banks committed into the facility: Societe Generale as coordinator, lead arranger and bookrunner; BNP Paribas and Natixis as lead arrangers and bookrunners; Banco Santander, BBVA, Citibank, Credit Agricole Corporate and Investment Bank and ING as lead arrangers; and HSBC Trinkaus as arranger.

The company will use the facility for liquidity and working capital purposes, including the repayment of part of a financing from ArcelorMittal SA.

Aperam is a Luxembourg-based stainless steel producer.

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