TimkenSteel to sell $75 million in notes
Canton steelmaker TimkenSteel will sell $75 million in convertible senior notes that it intends to use to repay in part an asset-based revolving credit facility.
The senior notes will mature on June 1, 2012, the company said Tuesday. Total principal amount could reach $86.25 million.
Interest rate and other details were not available Tuesday.
26 May,2016
