With the proceeds from the sale, Birmingham Steel will reduce its debt by $30 million. The company also will be freed from some $70 million in lease obligations, according to the firm's prepared statement. As of Dec. 29, Birmingham Steel has no further involvement in the Cartersville facility.
Birmingham Steel operates in the mini-mill segment of the steel industry. Birmingham Steel's stock is traded on the OTC Bulletin Board under the symbol BIRS.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
