Olympic Steel increases credit agreement to $475 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Olympic Steel Inc. entered into a joinder and second amendment to its amended and restated credit agreement led by Bank of America as agent, increasing the available amount to $475 million from $400 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment was entered on Friday. The credit agreement is originally dated Dec. 8, 2017.

Olympic Steel is a Cleveland-based metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.

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