A.M. Castle reworks debt to fund future growth
Nov 22, 2005 | 07:57 AM
| Philip Burgert
Service center company A.M. Castle & Co., Franklin Park, Ill., has sold $75 million in 10-year senior secured notes as part of a new long-term debt structure aimed at funding future growth.
The $75-million aggregate principal amount notes were sold to affiliates of Prudential Financial. Proceeds from the new financing were used immediately to repay the company's obligations under its former long-term senior secured notes.....
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