Ian Gillies

David Ocampo

James McGarragle

Katja Jancic

Katja Gencic

- Algoma Steel Group Inc. has **increased the aggregate commitments** under its asset-based revolving credit facility (ABL Facility) from **US$300 million to US$375 million**.  **[1860805_0001193125-25-207666_d42293dex991.htm:1]** 
- The ABL Facility was upsized by **US$75 million**, with **Export Development Canada (EDC)** joining the Company’s existing lending syndicate as a direct lender.  **[1860805_0001193125-25-207666_d42293dex991.htm:1]** 
- This upsizing provides Algoma with **enhanced financial flexibility** to support its operations and strategic priorities, and reflects confidence in its transformation to Electric Arc Furnace steelmaking.  **[1860805_0001193125-25-207666_d42293dex991.htm:1]**

Algoma Steel Group (ASTL)