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BRIEF-Bluescope Steel Increases And Extends Tenor Of Bank Facility

Published 07/05/2020, 09:28 am
Updated 07/05/2020, 09:30 am
© Reuters.
BSL
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May 7 (Reuters) - BlueScope Steel Ltd BSL.AX :

* INCREASES AND EXTENDS TENOR OF BANK FACILITY

* ENHANCED ITS SYNDICATED REVOLVING FACILITY, INCLUDING LIFTING SIZE OF FACILITY TO $1,205 MILLION

* ALSO PUT IN PLACE A NEW $405 MILLION TRANCHE IN FACILITY, MATURING IN MAY 2022

* GOT SUPPORT OF 10 BANKS TO EXTEND EACH OF 2 EXISTING $400 MILLION TRANCHES OF SYNDICATED FACILITY BY TWO YEARS TO AUG 2023 & AUG 2024

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