Algoma Steel Completes $500 Million Government Financing Transaction [Yahoo! Finance]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Yahoo! Finance
Province of Ontario strengthening Algoma's balance sheet as the Company advances its EAF transition SAULT STE. MARIE, Ontario, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has completed its $500 million financing transaction with the Governments of Canada and Ontario, consistent with the binding term sheets announced on September 29, 2025. The financing includes $400 million (including an $80 million secured tranche) from the Canada Enterprise Emergency Funding Corporation (“CEEFC”), a subsidiary of Canada Development Investment Corporation (CDEV), and $100 million (including a $20 million secured tranche) from the Province of Ontario (“Ontario”). Algoma has issued 6.77 million common share purchase warrants to CEEFC and Ontario proportionately, with each warrant being exercisable for one common share of Algo
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ASTL
News
- Terence Corcoran: Forget Algoma. Here's the real economic story [Yahoo! Finance Canada]Yahoo! Finance Canada
- Steelworkers condemn Algoma’s heartless holiday job cuts [Canadian Business Journal (Canada)]Canadian Business Journal
- Steelworkers condemn Algoma's heartless holiday job cuts [Yahoo! Finance]Yahoo! Finance
- Small caps to watch: D2L earnings preview, deals from EQB and Canfor, Tecsys earnings and more [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- A worker is shown at Algoma Steel in Sault Ste. Marie, Ontario on Friday, April 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick [BNN Bloomberg (Canada)]BNN Bloomberg
ASTL
Earnings
- 10/29/25 - Miss
ASTL
Sec Filings
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/20/25 - Form SCHEDULE
- ASTL's page on the SEC website