Bahrain Steel secures credit facilities
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MANAMA – Bahrain Steel (previously known as Gulf Industrial Investment Company/GIIC) has successfully closed the syndication of its $340,000,000 senior secured term and revolving credit facilities. The facilities are split between a 7-year $300,000,000 amortizing term loan and a 7-year $40,000,000 revolving credit facility.
The facilities will be utilized to repay certain existing financial indebtedness of the company, and for Read more [...]