Local Counsel For KfW IPEX-Bank GmbH In Connection With Big River Steel

Timothy W. Grooms served as local counsel for KfW IPEX-Bank GmbH in connection with the senior secured financing of Big River Steel LLC for the construction, start-up and operation and maintenance of a flat-rolled steel mini mill to be constructed on land located in Osceola, Mississippi County, Arkansas.  The approximately $1.5 billion project, which includes senior and mezzanine loans, equity investments, and direct loans, grants and other incentives from the State of Arkansas, Mississippi County, Arkansas, and the City of Osceola, Arkansas, will create more than 500 full time jobs, each with an average annual salary of $75,000. The Big River Steel project is expected to have a tremendous economic impact on the State of Arkansas.