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Prospect News home > News index > List of issuers E > Headlines for Essar Steel Algoma Inc. > News item
Published on 11/30/2009 in the Prospect News Bank Loan Daily.

Essar Steel Algoma to repay term loan in full with note proceeds

By Sara Rosenberg

New York, Nov. 30 - Essar Steel Algoma Inc. plans to repay all amounts outstanding under its existing senior secured term loan using proceeds from a $325 million senior secured notes offering, according to a news release.

Essar Steel is a Sault Ste. Marie, Ont.-based steel producer.


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