Algoma Steel Inc, founded in 1901 and headquartered in Sault Ste. Marie, Ontario, is a prominent North American steel producer focused on delivering high-quality steel products. The company specializes in the production of hot and cold rolled steel, sheet steel, and plates primarily for the automotive, construction, and energy sectors.
| Bond Name | Country | Maturity | Coupon(%) | |||
|---|---|---|---|---|---|---|
| No data found! | ||||||
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Algoma Steel has a history of bond issuances dating back to the early 2000s, with notable offerings in 2021 that supported its operational expansions and modernization efforts. The company recently issued $175 million in senior secured notes, reflecting a robust yield of approximately 6.5%, competitive within the steel industry. This issuance was aimed at refinancing existing debt and funding capital expenditures, showcasing Algoma's commitment to maintaining a strong financial position amidst market fluctuations.