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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Agents Amends, Extends $625MM Asset-Based Revolver for Olympic Steel
Wednesday, April 23, 2025
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Lenders/Participants
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Bank of America [Administrative Agent, Joint Lead Arranger]
Bank of America Securities [Joint Bookrunner]
Wells Fargo Bank [Joint Lead Arranger, Joint Bookrunner, Syndication Agent]
KeyBank [Documentation Agent]
Fifth Third Bank [Co-Agent]
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Structure
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Revolving Asset-Based Credit Facility
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Amount
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$625.000
Million
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Borrower(s)
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Olympic Steel
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Description
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Company amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030. The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million.
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Industry
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Steel
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Location
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OH
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| Related Tags |
Bank of Amercia, Bank of America Securities, Fifth Third Bank, Huntington National Bank, KeyBank, Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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