Universal Stainless amends credit deal

Apr 04, 2013 | 12:47 PM | Daniel Fitzgerald

Tags  Universal Stainless & Alloy Products, credit agreement, stainless demand, Dennis Oates, destocking, Daniel Fitzgerald

NEW YORK — Universal Stainless & Alloy Products Inc. has amended its credit agreement with a syndicate of banks to "better manage the current cyclicality of its markets."

The amended agreement provides an allowance for specific capital expenditures that won’t be included in the fixed-charge calculation through the third quarter of 2013, the Bridgeville, Pa.-based company said.....

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