Stifel lowered the firm’s price target on Algoma Steel to C$15 from C$16 and keeps a Buy rating on the shares, following the company closing a $350M issuance of senior secured second lien notes, which the firm views positively.
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Read More on ASTL:
- Algoma Steel Prices $350M Notes Offering
- Algoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029
- Algoma Steel Reschedules Dividend Date
- CORRECTION: Dividend Payment Date Adjustment Due to Canadian Statutory Holiday
- Algoma Steel Strengthens Finances with New Notes Offer
