TimkenSteel to sell $75 million in notes-Bearing News

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.

(Akron Beacon Journal)

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