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BRIEF-Essar Steel Algoma extends stay of proceedings and debtor-in-possession financing

March 31 Essar Steel Algoma Inc:

* Essar Steel Algoma extends stay of proceedings and debtor-in-possession financing

* Essar Steel Algoma - obtained order on march 30 from ontario superior court of justice extending stay of proceedings under companies' creditors arrangement act

* Essar Steel Algoma Inc -lenders under existing dip have also consented to an extension of scheduled maturity of dip to april 30, 2017

* Essar Steel Algoma Inc - Ontario superior court of justice extended stay of proceedings under companies' creditors arrangement act to April 30, 2017 Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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