InfraBuild, a subsidiary of Liberty Steel based in Australia, has secured a credit line worth $350 million to facilitate the acquisition of Liberty Steel's U.S. long products businesses. The line of credit was extended by BlackRock and Silver Point Finance.
With these financial resources at its disposal, InfraBuild is poised to take ownership of several prominent companies including Keystone Consolidated Industries (KCI), which operates facilities in Ohio and New Mexico; Johnstown Wire Technologies, with plants in Pennsylvania and Ohio; and Liberty Steel Georgetown, known for its production operations in South Carolina. All of these companies specialize in the manufacturing of long products and metalware, and they were acquired by Liberty Steel in 2019. Together, KCI and Liberty Steel Georgetown boast a combined production capacity of 1.8 million tons of electric arc furnace steel per year (owned by KCI) and 2 million tons of wire rod per year.
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