FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (71 Results) - Metals and Mining

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Republic Metals Corporation and its affiliates (RMC) in the sale of substantially all of their assets to Asahi Holdings, Inc. (Asahi). The sale was effectuated through a Chapter 11... Read Story

March 28, 2019, 09:00 AM

Republic  Metals  Refining  Corporation,  a Florida-based provider of precious metals refining services, has asked a bankruptcy judge to approve the sale of the company "Free and Clear of All Liens, Claims, Rights,  Interests  and  Encumbrances"... Read Story

December 27, 2018, 08:00 AM

White Oak Asset Finance GP, LLC (WOAF), an affiliate of White Oak Global Advisors, LLC (White Oak), announced it has committed £90 million to British Steel Limited, a leading UK-based, fully-integrated producer of carbon steel. Proceeds of the... Read Story

July 19, 2018, 07:08 AM

Monroe Capital LLC announced an increase in the credit facility to Prototek Sheetmetal Fabrication (Prototek) to support the acquisition of Hayes Manufacturing Services, Inc. (Hayes). Prototek is an existing portfolio company of CORE Industrial... Read Story

July 17, 2018, 07:03 AM

Tree Island Steel Ltd. announced that it has successfully renewed its senior banking facility on more favorable terms with Wells Fargo Capital Finance Corporation Canada.  The five year Senior Secured Revolving Facility has been increased to $80... Read Story

July 06, 2018, 07:00 AM

Steel Dynamics, Inc. announced that it has amended and extended its senior secured revolving credit facility. The Company renewed its $1.2 billion credit facility and extended the maturity date an additional five years to June 28, 2023."We are... Read Story

July 02, 2018, 07:00 AM

A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has closed an expansion of its existing credit facility to increase its borrowing capacity by $25 million.Specifically, Castle reached an... Read Story

June 04, 2018, 07:11 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $11,575,000 senior credit facility to Wichita, Kansas-based 3P Processing, Inc. (3P). 3P is a full service provider of metal finishing, testing and... Read Story

May 17, 2018, 07:00 AM

Sterling National Bank provided senior secured credit facilities totaling $10,600,000 to Donsco, Inc. Founded in 1906, Donsco manufactures and sells machined iron castings out of two foundries. Located in Wrightsville, PA, Donsco makes manifolds... Read Story

March 14, 2018, 07:15 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $30,000,000 senior credit facility to Foley, Alabama-based Vulcan, Inc.. Vulcan was formed in 1966 and operates as one of the only completely vertically... Read Story

February 21, 2018, 07:04 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Prototek Sheetmetal Fabrication by Chicago-based private equity sponsor CORE Industrial... Read Story

December 13, 2017, 07:13 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced that it recently provided a new $7,500,000 senior credit facility to Paramus, New Jersey-based Salem Steel NA, LLC (Salem Steel).  Salem Steel is an importer and master distributor... Read Story

September 28, 2017, 07:12 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S. The financing, which is comprised of a revolving line of credit and... Read Story

September 18, 2017, 07:23 AM

B2Gold Corp. announced it has secured an upsized $500 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated.On July 7, 2017, the Company entered into an amended and restated credit agreement... Read Story

July 19, 2017, 07:09 AM

Hudson Resources, a Canadian mining concern, announced the completion of its debt funding arrangement for a Senior Loan of $13.0 million and a Subordinated Loan of $9.5 million, for a total of $22.5 million, in it’s 100% owned subsidiary, Hudson... Read Story

July 18, 2017, 07:00 AM

Detour Gold Corporation announced that it has concluded its negotiations with its existing bank group on a $500 million Senior Secured Credit Facility comprised of a $300 million Revolving Credit Facility for a tenor of four years and a $200 million... Read Story

July 11, 2017, 07:18 AM

Global mining and metals companies’ focus on debt reduction is in danger of going too far and compromising long-term growth. According to a new EY report on debt and working capital in the mining sector, debt has fallen by almost 25% in the sector... Read Story

June 23, 2017, 07:55 AM

Royal Gold, Inc. announced that it entered into a new $1 billion, 5-year revolving credit facility with a final maturity in June 2022. The new credit facility replaces Royal Gold's prior $650 million credit facility that was set to mature in March... Read Story

June 05, 2017, 07:12 AM

A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has reached agreement with its first-lien lending group to accelerate the Company's access to capital under its existing credit facilities to... Read Story

May 05, 2017, 07:15 AM

Real Alloy Holding, Inc., an indirect, wholly owned subsidiary of Real Industry, Inc., entered into a Revolving Credit Agreement with Bank of America, N.A., acting as a lender, letter of credit issuer, and swingline lender and as agent for all... Read Story

March 21, 2017, 07:11 AM

Siena Lending Group LLC announced the completion of a three-year $30 million asset-based revolving credit facility for New Day Aluminum LLC to repay certain indebtedness and to provide working capital for its Gramercy, LA subsidiary, Noranda Alumina.... Read Story

February 28, 2017, 06:00 AM

IAMGOLD Corporation announced that, as of today, the commitments from a syndicate of lenders to its existing revolving credit facility total $250 million. The syndicate, led by National Bank of Canada and Deutsche Bank, included Citibank, N.A.... Read Story

February 08, 2017, 07:00 AM

Reliance Steel & Aluminum Co. announced that on September 30, 2016 it entered into a new credit agreement comprised of a $1.5 billion unsecured revolving credit facility and a $600 million unsecured term loan. The new credit agreement, which has a... Read Story

October 03, 2016, 07:35 AM

Veritas Financial Partners announced the closing of an $8.5 million credit facility for Stainless Foundry & Engineering Inc. (“SFE”) to refinance their existing senior debt and provide additional capital for an opportunistic transaction set to close... Read Story

August 10, 2016, 07:28 AM

Global Brass and Copper Holdings, Inc. announced, that on July 18, 2016, it refinanced its debt structure by retiring its senior secured notes and entering into new asset-based revolving credit and long term debt (the “Term Loan B Credit Agreement”)... Read Story

July 25, 2016, 08:04 AM

TAB Bank announced it has provided a $6.5 million asset-based revolving credit facility for a metal processing company located in Arizona.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working... Read Story

July 14, 2016, 07:20 AM

Eldorado Gold Corporation announced that the company has renewed its revolving credit facility. The amended and restated credit agreement includes available credit of U.S.$250 million, an accordion feature of U.S.$100 million, and an extension of the... Read Story

June 14, 2016, 07:22 AM

Nevada Copper Corp. announced that its senior secured lender, EXP T1 Ltd., an affiliate of Red Kite Mine Finance has agreed to certain amendments to the senior loan agreement between the Company and Red Kite which waive all existing defaults under... Read Story

May 31, 2016, 07:53 AM

GemCap funded an $11 million loan facility to LB Metals, LLC, one of the largest processors of strip mill plate in North America.  The company forges metal parts for a variety of industries, including construction, railroads and utilities.  The... Read Story

May 13, 2016, 07:39 AM

Kennametal Inc. announced the signing of a $600 million five-year credit agreement. This syndicated bank facility amends and restates Kennametal's prior loan agreement. It contains enhanced covenant adjustments relative to the company's amended 2010... Read Story

April 18, 2016, 07:51 AM

ArcelorMittal announced its subsidiary ArcelorMittal USA intends to enter into a new, five-year senior secured asset-based revolving credit facility of up to $1 billion, which is expected to close in the second quarter of 2016. This facility will be... Read Story

April 04, 2016, 07:59 AM

LB Metals, LLC, a company formed to complete the purchase of bankrupt LB Steel, LLC, has completed the purchase of the company, saving more than 200 manufacturing jobs in Illinois.   LB Steel filed a voluntary petition for chapter 11 business... Read Story

March 28, 2016, 07:56 AM

First Majestic Silver Corp. has entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a Senior Secured Credit Facility consisting of a $25 million revolving credit line and a $35 million term loan. The proceeds of the... Read Story

February 11, 2016, 07:32 AM

Universal Stainless & Alloy Products, Inc. has entered into a new five-year $95 million credit agreement. As with the Company’s previous credit agreement, the Company’s obligations under the new asset-based lending (ABL) credit agreement are... Read Story

January 22, 2016, 07:40 AM

Dynacor Gold Mines has entered into senior secured credit facilities in the aggregate amount of up to $10 million with Third Eye Capital Corporation (TEC) acting as agent for the lenders. The new credit facilities consist of a $7 million U.S.... Read Story

January 18, 2016, 07:51 AM

TimkenSteel, a leader in customized alloy steel products and services, announced that it has completed an amendment and restatement of its revolving credit facility.Administrative Agent JPMorgan Chase Bank, Syndication Agent PNC Bank and several... Read Story

December 22, 2015, 08:04 AM

Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial, Inc, and Wells Fargo Capital Finance (WFCF), have entered into an agreement with Scrap Metal Services (SMS) to provide a $63 million senior secured credit... Read Story

December 17, 2015, 08:05 AM

MB Business Capital recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. Great Lakes is a steel and aluminum stamping operation supplying metal stampings and welded assemblies to a... Read Story

November 19, 2015, 08:06 AM

The PrivateBank announced it has provided a $25 million credit facility to Veritas Steel, a leader in the steel bridge fabrication industry. Headquartered in Lisle, Ill., the company has facilities in Eau Claire and Wausau, Wisc., and Palatka... Read Story

October 28, 2015, 07:27 AM

Horizon Technology Finance Corporation has closed a $10 million venture loan facility to The NanoSteel Company, Inc., a leader in nano-structured steel materials design. NanoSteel will use the proceeds for general working capital purposes."We are... Read Story

June 05, 2015, 07:41 AM

AMG Advanced Metallurgical Group N.V. has entered into a new $320 million multicurrency term loan and revolving credit facility. The new facility, which was oversubscribed, includes an accordion feature that allows the Company, subject to certain... Read Story

May 29, 2015, 07:47 AM

Pan American Silver Corp.  has entered into a new senior secured revolving credit facility with a syndicate of eight lenders.The Facility is a $300 million secured revolving line of credit that matures on April 15, 2019 and is intended for general... Read Story

April 16, 2015, 07:15 AM

Gordon Brothers Group and Hilco Industrial, a unit of Hilco Global, announced today that they have acquired the assets of Preferred Sands Canada’s Hanson Lake facility in Saskatoon, Canada in a joint venture. Preferred Sands Canada  is a top... Read Story

January 29, 2015, 08:09 AM

GE Capital, Corporate Finance announced it is providing a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings LLC (Wise) by Constellium N.V. (nyse and euronext:CSTM), a global producer of aluminum products.... Read Story

January 29, 2015, 08:04 AM

Westmoreland Coal Company announced it has amended its term loan credit agreement with the Bank of Montreal, as administrative agent, to increase Westmoreland’s term loan by $75 million, for an aggregate principal term loan amount of $425 million.... Read Story

January 28, 2015, 07:23 AM

LBC Credit Partners, a leading provider of financing solutions to middle-market companies, agented a $20.0 million second lien term loan to Defiance Metal Products Inc., a portfolio company of Taglich Private Equity LLC. Proceeds of the loan were... Read Story

January 27, 2015, 07:44 AM

The PrivateBank announced it has extended a $16 million credit facility to Advantage Sintered Metals, Inc. and Contact Technologies, Inc., powdered metal manufacturers based in Battle Creek, MI, and St. Mary’s, PA, respectively.Advantage Sintered... Read Story

January 27, 2015, 07:26 AM

Imperial Metals Corporation has completed a new $50 million revolving second lien secured credit facility with the Bank of Montreal maturing on April 1, 2017. The terms and conditions of the credit facility are modelled after the $200 million senior... Read Story

January 20, 2015, 07:19 AM

Evraz Plc, an integrated steel, mining and vanadium business, said its North American subsidiary, EVRAZ North America, has closed the renewal and amendment of its asset-based revolving credit. The new facility is $515 million and has the same... Read Story

December 29, 2014, 08:11 AM

Centerra Gold Inc.announced it has extended its existing $150 million revolving credit facility with the European Bank for Reconstruction and Development (EBRD) until February 17, 2016, on the same terms as the existing facility, LIBOR plus 2.9%.Ian... Read Story

December 22, 2014, 07:23 AM

Magnetation LLC has closed on a $15 million incremental increase to its senior secured revolving credit facility dated May 20, 2013 (the "Credit Facility").  The proceeds from the Credit Facility will be used for general corporate purposes.  J.P.... Read Story

December 16, 2014, 07:17 AM

GE Capital, Canada announced it is serving as administrative agent on a $38 million term loan facility to Canam Group Inc., North America's largest steel components fabricator. The new facility will be used to refinance existing debt and provide... Read Story

October 03, 2014, 07:09 AM

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset-based finance solutions, announced it acted as sole lender for a $45 million senior secured revolving credit facility to Spectro Alloys Corp. Spectro Alloys Corp.... Read Story

September 15, 2014, 07:16 AM

New Gold Inc. entered into a $300 million revolving credit facility with a syndicate of banks led by The Bank of Nova Scotia and RBC Capital Markets (the "Facility"). The Facility has a term of four years and replaces the company's previous $150... Read Story

August 15, 2014, 07:38 AM

Torex Gold Resources Inc. (the "Company" or "Torex") announced that the Company, through its subsidiary Minera Media Luna, S.A. de C.V. has signed a credit agreement (the "Credit Agreement") with BMO Harris Bank N.A., BNP Paribas, Commonwealth Bank... Read Story

August 11, 2014, 06:00 AM

Olympic Steel Inc., a leading national metals service center, has amended and extended its existing asset-based credit facility.The amendment provides the company with a $365 million revolving line of credit, extends the maturity three years from... Read Story

July 01, 2014, 07:02 AM

GE Capital, Corporate Finance announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry... Read Story

June 04, 2014, 07:34 AM

Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers... Read Story

April 22, 2014, 07:13 AM

AK Steel said it has entered into a new $1.1 billion, five-year revolving credit facility with a group of lenders.  The new credit facility will expire in March 2019.  Bank of America, N.A., J.P. Morgan Securities LLC and Wells Fargo Capital Finance... Read Story

March 18, 2014, 07:41 AM

Capital Financial Global, Inc. announced that it has successfully completed the acquisition of $5.1 million dollars of debt in Gold Rush Refiners, LLC, a distressed Georgia-based gold and precious metals refinery. The debt was acquired in exchange... Read Story

March 18, 2014, 07:16 AM

BMO Harris Bank’s Asset-Based Lending group, a leading provider of middle-market leveraged finance solutions, announced it was administrative agent for $54 million in senior credit facilities to Sipi Metals Corporation (“Sipi”). Sipi Metals... Read Story

March 14, 2014, 07:23 AM

Marquette Business Credit announced it has funded a $6 million asset-based revolving line of credit for AMSCO Steel Company, a steel and aluminum processor and distributor, headquartered in Fort Worth, TX, with plant facilities in San... Read Story

February 25, 2014, 07:09 AM

Atna Resources Ltd. announced that it has entered into a $22.0 million credit facility agreement (the "Agreement") with Waterton Precious Metals Fund II Cayman, LP ("Waterton"). Atna will use this new credit facility to repay the outstanding amount... Read Story

February 03, 2014, 07:16 AM

Bank of America Business Capital, acting as administrative agent, has closed a new five-year, $670 million consolidated asset-based revolver to the North American operations of OAO Severstal. The newly syndicated facility was used to refinance a... Read Story

January 24, 2014, 07:24 AM

Material Sciences Corporation (MSC) has entered into a definitive merger agreement with Zink Acquisition Holdings Inc. (“Parent”) and Zink Acquisition Merger Sub Inc. (“Merger Sub”), which are affiliates of New Star Metals Inc. and Insight Equity... Read Story

January 10, 2014, 07:14 AM

GE Capital, Corporate Finance today announced it is serving as administrative agent on $340 million in revolving credit facilities for subsidiaries of Wise Metals Group, LLC. The facilities will be used to fund the company’s growth and ongoing... Read Story

January 06, 2014, 08:08 AM

Allied Nevada Gold Corp. reported that on Dec. 27 the company entered into the Second Amended and Restated Credit Agreement (the "Credit Agreement") with The Bank of Nova Scotia as agent. The Credit Agreement amends the prior revolving credit... Read Story

December 31, 2013, 07:12 AM

Globe Specialty Metals has refinanced its existing credit facility with a syndicate of banks led by Providence based RBS Citizens, and co-led by PNC Bank, Wells Fargo Bank, as Joint Book Managers and Joint Lead Arrangers. Other banks in the syndicate... Read Story

August 21, 2013, 08:02 AM

U.S. Silica Holdings has successfully completed the syndication of a new $425 million senior secured credit facility to amend its existing senior secured credit facility. BNP Paribas acted as lead arranger on the new facility. The senior secured... Read Story

July 24, 2013, 07:53 AM

Materion Corporation entered into a second amended and restated credit agreement on June 20, 2013. The new credit agreement matures on June 20, 2018 and provides for a $375 million committed revolving credit facility, an increase of $50 million over... Read Story

June 26, 2013, 07:18 AM

Richmont Mines secured a Letter of Offer for a Senior Secured Credit Facility for up to U.S.$50 million from Macquarie Bank Limited to fund the long-term development of the Island Gold Deep project, and for working capital commitments at the Island... Read Story

June 17, 2013, 07:14 AM