Dechert Advises Fortress Investment Group on US$240 Million Upsize of Steele Solutions Credit Facility

Dechert advised Fortress Investment Group and its affiliates in their roles as Administrative Agent and Lead Arranger on a US$240 million upsize of Steele Solutions Inc.’s senior secured credit facility.

The financing was completed in connection with Steele Solutions Inc.’s acquisition of Maysteel Industries and is intended to strengthen Steele Solutions’ capital structure while providing incremental liquidity to support the transaction. The upsize positions the company for continued growth by enhancing its ability to expand capabilities and capitalize on opportunities across key end markets, including data infrastructure and electrical applications.

Steele Solutions Inc. is a provider of engineered steel solutions, delivering custom‑designed products to a broad range of industrial and infrastructure customers. The acquisition of Maysteel Industries adds complementary manufacturing expertise and deepens Steele Solutions’ presence in the fast‑growing data center and electrical markets, further strengthening its product portfolio and market positioning.

The Dechert team was led by global finance partner Eliot Relles, with associate Alex Haberman and junior transactional associate Sofia Aldas. The team was supported by intellectual property associate Spencer Joffrion.

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