Olympic Steel amends loan, modifying pricing

By Sara Rosenberg

New York, July 18 - Olympic Steel Inc. amended its credit facility on Wednesday, revising the pricing grid by adding an additional tier, which results in a current savings of 25 basis points, according to an 8-K filed with the Securities and Exchange Commission.

Comerica Bank is the administrative agent on the deal.

Olympic Steel is a Bedford Heights, Ohio, seller and distributor of processed carbon, coated and stainless flat-rolled sheet, and coil and plate steel products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.