Steel Technologies Inc. has amended and extended a $135 million Unsecured Revolving Credit Facility with its existing syndicated banking group.

The amended credit facility includes improved pricing to reflect the company's favorable financial performance. As of September 30, 2005, there was $30 million outstanding on the credit line.

"We are extremely pleased to announce this extension and price adjustment of our credit facility and believe it reflects the excellent working relationship we have developed with our syndicated banking group," said Bradford T. Ray, Chairman and CEO of Steel Technologies. "This revolver, and the opportunity to expand it up to $200 million under certain circumstances, provides significant borrowing capacity to allow us to continue to pursue strategic initiatives and promote profitable growth with our expanding customer base."

The amended credit facility also extends the facility to October 2010. The previous facility was scheduled to mature in September 2009.

Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements. Products are supplied to the automotive, appliance, lawn and garden, office furniture, agriculture, railcar, construction, hardware, and consumer goods industries. The company has 20 facilities, including its joint-venture operations, located throughout the United States and Mexico.