Wheeling-Pittsburgh amends revolver, providing $10 million of additional capacity

By Sara Rosenberg

New York, Nov. 5 - Wheeling-Pittsburgh Corp. amended its revolving credit facility, providing access to up to $10 million of additional borrowing availability provided that there is sufficient excess collateral to support such borrowings, according to an 8-K filed with the Securities and Exchange Commission Monday.

The additional access is available until the earlier of Dec. 14 or five business days from the completion of the business combination with Esmark Inc.

The amendment was completed on Oct. 31.

General Electric Capital Corp. is the administrative agent on the deal.

Wheeling-Pittsburgh is a Wheeling, W. Va.-based steel company.

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