Algoma Steel Group Inc. (TSE:ASTL) has released an update.
Algoma Steel Inc., a key player in the steel industry, is set to bolster its financial position by offering US$350 million of Senior Secured Second Lien Notes, due 2029. The move aims to enhance the company’s balance sheet flexibility for general corporate purposes. The offering is contingent on market conditions, and the notes will be available to certain institutional buyers in the US and through private placement in Canada.
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