Aperam signs loan after demerger from ArcelorMittal

18 Mar 2011

Stainless steel producer Aperam has signed an $800m three year revolving credit, its debut syndicated loan, following its spinoff from ArcelorMittal.

The loan will be used as the firm’s working capital facility and will also repay part of the $1.67bn of related party debt owed to ArcelorMittal. Société Générale co-ordinated the facility and acted as mandated lead arranger and bookrunner. BNP Paribas and Natixis were mandated lead arrangers and ...

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