Magnetation secures credit facilities to fund expansion

Feb 28, 2013 | 11:50 AM | Stacy Irish

Tags  Magnetation, AK Steel, iron ore, iron ore pellets, expansion, Larry Lehtinen, Stacy Irish

NEW YORK — Iron ore concentrates producer Magnetation LLC has closed $110 million in senior secured credit facilities to fund an expansion, the company said Feb. 26.

The funding includes a $25-million revolving credit facility, $50-million term loan and $35-million delayed-draw term loan. ....

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