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Steel Dynamics amends loan, allowing for $218 million in add-ons
By Sara Rosenberg
New York, April 2 - Steel Dynamics Inc. amended its credit facility to allow for a $94 million term loan A add-on and a $124 million revolver add-on, according to an 8-K filed with the Securities and Exchange Commission Wednesday.
Proceeds from the incremental term loan A debt were used to repay a portion of the borrowings outstanding under the revolver.
The amendment was completed on March 31.
National City and Wells Fargo are co-administrative agents on the deal.
Steel Dynamics is a Fort Wayne, Ind.-based manufacturer and seller of steel products.
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