Metal Partners Rebar DIP financing extended by one month to Jan. 31

By Sarah Lizee

Olympia, Wash., Jan. 12 – Metal Partners Rebar, LLC’s $35 million in debtor-in-possession financing has been extended to Jan. 31 from Dec. 31, according to a notice filed Monday with the U.S. Bankruptcy Court for the District of Nevada.

As previously reported, the financing is with JPMorgan Chase Bank, NA.

Interest on revolving loans accrues at Libor plus 300 basis points and interest on term loans at Libor plus 375 bps.

Metal Partners is a fabricator of reinforcing bars and other steel products. The company filed Chapter 11 bankruptcy on June 16, 2020 under case number 20-12878.

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