Aperam Secures $800M Credit Facility

Stainless steel producer,Aperam,has received a credit facility worth $800 million,Bloombergreports. The company will use the proceeds from the loan to repay its existing one-year term loan worth $900 million that was provided byArcelorMittalas part of a spinoff.

Aperam will also use the new three-year revolving credit facility to fund working capital.Societe Generale协调贷款BNP Paribas,Natixis,Banco Santander,Banco Bilbao Vizcaya Argentaria,Citigroup,Credit Agricole,ING GroepandHSBC Holdings.

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