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• Metals USA seeks $275M term loan

  Oct 25, 2012

  Proceeds would also be used to reduce borrowings under an existing asset-based loan; pay costs associated with the new term loan and the notes ... View this article

• Signature secures $15M loan to fund growth

  Apr 23, 2012

  has received an asset-based loan from Canadian Imperial Bank of Commerce to help fund growth plans, chief executive officer Ted Riddle told ... View this article

• Metals USA's 1st-qtr. earnings jump 31.5%

  Apr 19, 2012

  ... Fort Lauderdale, Fla.-based Metals USA had $257.5 million drawn under its asset-based loan facility at the end of March and excess availability of ... View this article

• Noranda plans debt refinancing

  Feb 22, 2012

  ... result in two new senior secured credit facilities of some $550 million, with a term loan of around $300 million and an asset-based revolving credit ... View this article

• Aluminum Shapes targets value-added

  Jan 13, 2012

  ... Signature, which is close to securing an asset-based loan from a Canadian bank (AMM, Dec. 16), is in the process of installing ... View this article

• Evraz refinances credit facilities

  Dec 29, 2011

  The facility is an asset-based revolving credit line secured with inventories ... London Interbank Offered Rate) depending on the loan utilization level. ... View this article

• Signature closer to securing loan for growth

  Dec 15, 2011

  is close to securing a significant asset-based loan from a major Canadian bank to fund company growth, chief executive officer Ted Riddle told AMM ... View this article

• Metals USA modifies $525M loan

  Aug 16, 2011

  and others—have amended their existing $525-million asset-based credit facility (ABL). The parties extended the credit line's maturity date to Aug. ... View this article

• Aleris raises credit facility to $600 million

  Jul 07, 2011

  The Beachwood, Ohio-based company said the asset-based lending (ABL) facility permits ... on same-day notice, known as "swingline loans," that are ... View this article

• Ryerson gets $1.35B credit line

  Mar 31, 2011

  ... obtained a new $1.35-billion asset-based revolving credit facility, with GE Capital, Corporate Finance serving is co-collateral agent. The loan will be ... View this article