BlueScope Steel lifts revolver to A$1.21 billion, extends maturities

By Wendy Van Sickle

Columbus, Ohio, May 6 – BlueScope Steel Co. increased its revolving credit facility to A$1,205,000,000 by adding a new tranche and extended its two existing tranches, according to a news release.

Each of the two existing A$400 million tranches were extended by two years, to August 2023 and August 2024 respectively.

Additionally, in light of the uncertainty created by impacts of Covid-19, BlueScope has also put in place a new A$405 million tranche maturing in May 2022.

The manufacturer of flat steel products and building products is based in Melbourne, Australia.

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