Algoma Central Corporation Announces Refinancing Of Long-Term Debt

Algoma Central Corp TSX:ALC:

• ALGOMA CENTRAL CORPORATION ANNOUNCES REFINANCING OF LONG-TERM DEBT

• ALGOMA CENTRAL CORP - INCREASES REVOLVING BANK CREDIT FACILITY TO $634 MILLION, UP $182 MILLION

• ALGOMA CENTRAL CORP - EXTENDS MATURITY OF BANK REVOLVER FROM 2027 TO 2031

• ALGOMA CENTRAL CORP - RAISES $183 MILLION IN PRIVATE PLACEMENT OF SENIOR SECURED NOTES

• ALGOMA CENTRAL CORP - PROCEEDS OF NEW NOTES TO REPAY $183 MILLION OF BANK REVOLVER ADVANCES