Algoma Steel Group Inc. (TSE:ASTL) has released an update.
Algoma Steel Group Inc. has announced the pricing of US$350 million in Senior Secured Second Lien Notes at 9.125% interest due in 2029, intended to bolster the company’s balance sheet for general corporate purposes. The offering is set to close around April 5, 2024, with conditions typical for such transactions. The sale is directed at qualified institutional buyers in the U.S. and on a private placement basis in Canada.
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