OAK BROOK, Ill., June 05, 2017 (GLOBE NEWSWIRE) — A. M. Castle & Co. (OTCQB:CASL) (the Company or Castle), a global distributor of specialty metal and supply chain solutions, today announced that it has executed commitment letters with PNC Bank, National Association for (1) a $125 million senior-secured, revolving credit facility (the New ABL Facility) that will close when Castle completes its prepackaged financial restructuring later this summer and will be utilized, in part, to repay certain existing debt; and (2) an $85 million senior-secured, revolving, debtor-in-possession credit facility (the DIP Facility), as needed, during the Companys restructuring. The closing of the New ABL Facility and the DIP Facility are each subject…
Read the full article at: https://globenewswire.com/news-release/2017/06/05/1008192/0/en/A-M-Castle-Co-Announces-Commitment-Letters-for-Post-Restructuring-and-Debtor-In-Possession-Credit-Facilities.html