May 1 (Reuters) - Sims Ltd SGM.AX :
* PROVIDED US$40 MILLION LOAN TO ADAMS STEEL OF NEVADA LLC
* LOAN ACCRUES INTEREST AT 4% FOR 8-YEAR TERM, WITH OPTION TO EXTEND FOR ADDITIONAL 2 YRS IF OUTSTANDING BALANCE IS $30 MILLION OR LESS
May 1 (Reuters) - Sims Ltd SGM.AX :
* PROVIDED US$40 MILLION LOAN TO ADAMS STEEL OF NEVADA LLC
* LOAN ACCRUES INTEREST AT 4% FOR 8-YEAR TERM, WITH OPTION TO EXTEND FOR ADDITIONAL 2 YRS IF OUTSTANDING BALANCE IS $30 MILLION OR LESS