A. M. Castle gets revolver extension through 2019 from three lenders

By Susanna Moon

Chicago, Dec. 10 – A. M. Castle & Co. said it has obtained an extension on its $125 million revolving credit facility through December 2019.

There were no other material changes to the terms of the facility, according a company press release.

The extension commitment comes from three existing lenders.

Proceeds will be used for general working capital needs.

The company had $27 million of outstanding borrowings, and there is about $88.1 million of additional borrowing capacity available under the facility as of Sept. 30, the press release noted.

The company is in compliance with all financial covenants of the facility.

A.M. Castle is a distributor of specialty metal and plastic products, value-added services and supply-chain services based in Oak Brook, Ill.

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