Gerdau Ameristeel, Evraz NA secure financing

Dec 22, 2009 | 04:36 AM |

Gerdau Ameristeel Corp. and Russia's Evraz Group SA have each secured new financing.

Gerdau Ameristeel has entered into a $650-million senior secured asset-based revolving credit facility that replaces its existing $950-million asset-based credit facility that would have matured in October 2010. The new facility....

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