Oregon Steel gets $175 million revolver

By Sara Rosenberg

New York, June 9 - Oregon Steel Mills Inc. closed on a new $175 million five-year revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Friday.

General Electric Capital Corp. acted as the lead bank on the deal, which was completed on June 6.

Security is a lien on the company's inventory and accounts receivable and related assets.

Oregon Steel is a Portland, Ore.-based manufacturer and seller of specialty and commodity steel products.

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