Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp, today announced that on September 28th 2011, it entered into a new, 5 year senior secured credit facility with PNC Bank NA.

The new facility provides for borrowings of up to USD 60 million, subject to a borrowing base, and is secured by substantially all of the tangible and intangible assets of Horsehead Corporation.

The Company entered into the new credit agreement to support liquidity needs for the Company’s new, state of the art zinc and diversified metals production facility under construction in Rutherford County in NC and to allow for the availability of previously restricted cash.