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News Stories (16 Results) - Steel

Gibraltar Business Capital provided $5.5 million in new financing to steel manufacturer Spokane IndustriesTimeliness was vital for Spokane Industries, an international manufacturer with a nearly 60-year history. As a second-generation, family-owned... Read Story

November 23, 2020, 07:00 AM

SSG Advisors, LLC ("SSG") acted as the investment banker to Metal Partners Rebar, LLC and its affiliates (collectively "MPR" or the "Company") in the sale of substantially all of its assets to JRC OpCo LLC ("JRC"). The sale was effectuated through a... Read Story

October 30, 2020, 08:25 AM

Citizens Capital Markets, Inc. announced that it served as financial advisor to Liberty Steel Products, Inc. in its divestiture of Welded Tubes, Inc. (“WTI”) to Lock Joint Tube LLC, a subsidiary of Steel Warehouse Company, LLC. WTI’s President, Joe... Read Story

September 28, 2020, 08:50 AM

Tiger Finance, a wholly owned affiliate of  Tiger Capital Group, today announced that it has closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities.“Nu-Steel is thrilled... Read Story

September 22, 2020, 09:20 AM

Reliance Steel & Aluminum Co. announced that it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility that will replace its existing credit agreement. The Facility includes an increase option for up to an... Read Story

September 08, 2020, 08:00 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $25 million senior secured credit facility to a value-added master steel distributor and processor. The facility consists of a senior secured revolving line of credit based on... Read Story

July 20, 2020, 08:55 AM

Cambridge Savings Bank (CSB) announced the closing of $4,500,000 in senior secured credit facilities with a New England based steel framing manufacturer and fabricator.The credit facilities provided by CSB’s Asset-Based Lending Team allowed the... Read Story

June 25, 2020, 08:41 AM

Amerisource Business Capital announced the closing and funding of a $1 million credit facility for a steel fabrication company based in Texas. Proceeds of the facility are being used for growth capital.Daniel Martinez, Regional Market Manager for... Read Story

March 29, 2019, 08:55 AM

Encina Business Credit, LLC (EBC) announced that it has provided a senior secured credit facility to Associated Steel Group, LLC and certain of its subsidiaries.  The financing, which is comprised of a revolving line of credit and two term loans... Read Story

September 13, 2018, 07:21 AM

Universal Stainless & Alloy Products, Inc. announced that it has entered into an amended and restated five-year $120 million asset-based lending (ABL) credit agreement with PNC Bank, National Association. The new agreement increases the maximum line... Read Story

August 07, 2018, 07:12 AM

Olympic Steel Inc., a national metals service center, announced that it has entered into an amended and restated five-year loan and credit agreement. The amended and restated facility, led by Bank of America as agent bank, replaces the Company’s... Read Story

December 13, 2017, 07:40 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,257,000 senior credit facility to Valley City, Ohio-based Boehm Pressed Steel Company. Founded in 1918, Boehm is a manufacturer of custom metal... Read Story

May 03, 2017, 07:10 AM

Wells Fargo Capital Finance acted as lead arranger on a $185 million senior secured credit facility for Heidtman Steel Products, Inc., an industry leading steel processing company, that will be used to support the company’s working capital needs. “We... Read Story

November 30, 2016, 07:44 AM

Marquette Business Credit, LLC recently funded a $14.1 million credit facility to WireTech, Inc.  Headquartered in Commerce, CA, WireTech is the premier supplier of aerospace, commercial and industrial steel wire and bars to the fastener and related... Read Story

September 13, 2016, 07:11 AM

Siena Lending Group announced the completion of a three-year $4.5 million asset based revolving credit facility for Amstek Metal LLC to refinance their existing senior debt and to provide additional working capital for the business. Located in Joliet... Read Story

August 30, 2016, 07:42 AM

Marquette Business Credit, Inc. recently provided funding to Jackson Pipe and Steel under a new $4.5 million revolving line of credit to provide growth working capital and allow for inventory expansion.  Operating from its facilities in Texarkana... Read Story

March 19, 2015, 07:22 AM