Date:2013-05-21 15:40
WEST CHESTER, Ohio, May 20, 2013 /PRNewswire/ -- AK Steel (AKS) said today that Magnetation LLC (Magnetation), its joint venture with Magnetation, Inc., has successfully completed a $325 million senior secured note offering and has entered into a $50 million senior secured credit facility. The proceeds from the note offering will be used primarily to fund construction of a new plant in Reynolds, Indiana to produce high-quality iron ore pellets, a critical steelmaking raw material. Production fro