S&P boosts JMC Steel rating as firm seeks credit increase
Feb 16, 2012 | 11:57 AM
| Michael Cowden
Tags
JMC Steel Group,
S&P,
Lakeside Steel,
credit,
ratings,
steel tube,
steel pipe,
OCTG
Michael Cowden
TORONTO — JMC Steel Group Inc. hopes to get a $250-million boost to its existing credit facilities, perhaps as part of its bid to acquire Lakeside Steel Inc., according to Standard & Poor’s.
Chicago-based JMC wants to add $100 million to its $400-million senior secured term loan and $150 million to its $725 million in senior unsecured notes, the ratings agency said.....
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