Fleet Capital last week wrapped up a $200 million refinancing for Weirton Steel. Fleet is the agent and Foothill Capital is syndication agent. Phil Margolis, spokesman for Fleet, said CIT Group and GMAC Business Credit are the co-documentation agents for the facility, while Transamerica Business Capital is a lender. The three-year, asset-based facility is priced at LIBOR plus 3 1Ž4 %, and replaces a $100 million revolver led by Bank of America, according to Capital DATA Loanware. Margolis was unable to confirm that Weirton switched lenders and calls to Rick Garan, assistant treasurer were not returned. The asset-based facility enables Weirton to more effectively borrow against accounts receivable and inventory, attaining additional availability, and enabling a restructuring plan, explained Margolis.