BlueScope Steel Ltd
(ASX:BSL) has executed a $1.35 billion syndicated loan.
The metals producer says thirteen domestic and international banks from the existing bank syndicate are participating in the facility.
The facility is made up of one three year tranche maturing in December 2013, and another five year tranche maturing in December 2014. Both tranches are valued at $675 million.
The facility replaces the current $1.275 billion syndicated loan note facility which was due to mature in July 2011.
In the year to 30 June 2010, BlueScope Steel recorded a net profit of $139 million, rebounding from a loss of $66.8 million in 2009.
