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Olympic Steel gets $130 million amended and restated revolver
By Sara Rosenberg
New York, June 3 - Olympic Steel Inc. closed on a $130 million amended and restated revolving credit facility due Dec. 15, 2011, according to an 8-K filed with the Securities and Exchange Commission Tuesday.
Comerica Bank is the administrative agent on the deal that was completed on May 28, with Fifth Third Bank the documentation agent and LaSalle Bank the syndication agent.
Proceeds were used to replace the company's previous credit facility that was set to mature on Dec. 15, 2010.
Olympic Steel is a Bedford Heights, Ohio-based processor and distributor of processed carbon, coated and stainless flat-rolled sheet, and coil and plate steel products.
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