05:58 PM EDT, 09/18/2025 (MT Newswires) -- Algoma Steel Group ( ASTL ) said late Thursday that it increased its asset-based revolving credit facility from $300 million to $375 million, with Export Development Canada joining the syndicate to provide the additional $75 million.

The facility, backed by a first-priority lien on receivables, inventory, and related assets, is aimed at boosting Algoma's liquidity and operational flexibility in a difficult market, the company added.