Big River Steel Closes on $487 Million of Thirty-Year Debt Financing and $290 Million of Equity Financing

OSCEOLA, Ark., June 3, 2019 /PRNewswire/ — Big River Steel announced today that it closed and funded $487 million of thirty-year bonds and $290 million of equity financing on Friday, May 31, 2019. The bonds, which are interest-only for the next twenty years, were priced at par with a coupon of 4.5% and traded in the when-issued market as high as 103 to yield 4.137%. The equity financing was provided on a pro rata basis by Big River’s current ownership group.