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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