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Bayou Steel gets further financing. (Metal Industry News).

Publication: Metal Center News
Publication Date: 01-APR-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Bayou Steel gets further financing. (Metal Industry News).(Brief Article)

Article Excerpt
Bayou Steel Corp., LaPlace, La., received final approval from the bankruptcy court of a $45 million debtor-in-possession financing facility from Congress Financial and GE Credit Corp. Based upon the borrowing formula, $9 million to $10 million would now be available.

The facility, which matures in a year, will be...

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