Brief: Olympic Steel Acquires Metal-Fab

Olympic Steel

03/01/2023 13:45

Jan 3 (Reuters) - Olympic Steel Inc  ZEUS.O :
    * OLYMPIC STEEL ACQUIRES METAL-FAB, INC.
    * OLYMPIC STEEL INC - COMPANY INCREASES SIZE OF ASSET-BASED
REVOLVER FROM $475 MILLION TO $625 MILLION
    * OLYMPIC STEEL INC - PURCHASE IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE.
    * OLYMPIC STEEL INC - FOLLOWING $131 MILLION ACQUISITION OF
METAL-FAB, OLYMPIC STEEL'S TOTAL DEBT UNDER REVOLVING CREDIT
FACILITY IS ABOUT $297 MILLION

Source text for Eikon:  ID:nBw2HxRv1a 
Further company coverage:  ZEUS.O 
 ((Reuters.Briefs@thomsonreuters.com;))