Middle East Economic Survey
United Stainless Steel, ABC Sign $153Mn Senior Debt Facility
United Stainless Steel Company (USCO) on 11 December signed a $153mn facility agreement with Arab Banking Corporation (ABC) as sole underwriter and mandated lead arranger. The senior debt facility will be used to part finance the construction of a 90,000 tons/year cold rolled stainless steel mill in al-Hidd. USCO was established in February 2005 with an investment of...