HYBAR RAISES FINANCING TO BUILD SCRAP METAL RECYCLING STEEL REBAR MILL

Hybar, a newly formed company, announced today that it successfully raised $700 million of debt and equity financing to build, start up and operate a technologically advanced, environmentally sustainable scrap metal recycling steel rebar mill. The equity portion of the financing was led by TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, and Global Principal Partners, the investment entity used by Hybar's senior management team.

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