Stainless steel producer, Aperam, has received a credit facility worth $800 million, Bloomberg reports. The company will use the proceeds from the loan to repay its existing one-year term loan worth $900 million that was provided by ArcelorMittal as part of a spinoff. Aperam will also use the new three-year revolving credit facility to fund working capital. Societe Generale coordinated the loan along with BNP Paribas, Natixis, Banco Santander, Banco Bilbao Vizcaya Argentaria, Citigroup, Credit Agricole, ING Groep and HSBC Holdings.
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