Shoals plant getting cash infusion from RSA

MUSCLE SCHOALS, AL (WBRC) - People who are invested in the Retirement Systems of Alabama have a new item in their portfolio. RSA is pumping more than a half billion dollars into a metal making plant in the Shoals area.

Wise Alloys in Muscle Shoals will be the recipient of a $520-million infusion of cash. The investment from RSA could grow to almost $600-million if needed.

Officials at Wise Alloys say the money gives them the ability to refinance loans and create other long term deals.

Wise Alloys accounts for more than a thousand jobs in the Shoals.

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