17
Aug
11:59
Oryx Stainless secures loan for growth
Against a background of higher raw material prices and delivery volumes, Oryx Stainless Group is increasing its financial flexibility with a syndicated credit facility in the amount of €125 million ($127m).
This refinancing guarantees sufficient liquidity for further growth planning for the collector of stainless steel scrap, it says in a statement seen by Kallanish.
The transaction was agreed with a long-standing unchanged consortium of six banks and runs f…
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Very good overview of the weekly steel market.
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