Pacific Steel: Business Capital Serves as Sole Lead Arranger for $8.5M Debtor-in-Possession Financing for Pacific Steel Casting

SAN FRANCISCO & WESTPORT, Conn.--(BUSINESS WIRE)--Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers, largely for heavy-duty trucks and construction equipment. PSC, a major employer based in Berkeley, CA since 1934, is in its fourth generation of ownership.