Canam Steel Corporation
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$140 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
Canam Steel Corporation American Industrial Partners |
| Our Role |
Joint Lead Arranger |
Summary
On March 11th, 2021 KeyBanc Capital Markets (“KBCM") successfully closed the financing of $140 million Senior Secured Credit Facilities for Canam Steel Corporation (“CSC” or the “Company”), a portfolio company of American Industrial Partners (“AIP” or the “Sponsor”). The facilities are comprised of a $35 million Revolving Credit Facility (the “Revolver”) and a $105 million Senior Secured Term Loan Facility (the “Term Loan”). Proceeds from the facilities will be used to fund a distribution to the Sponsor, support working capital requirements and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger on this transaction.
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