Ryerson subsidiary launches $75M tender offer for 8.50% Senior Secured Notes due 2028

Ryerson Holding Corp

Joseph T. Ryerson & Son offers to buy up to $75M of its 8.50% Senior Secured Notes (CUSIP 48088L AB3/U4830L AB4) via cash tender.
Total consideration of $1,062.50/$1,000 principal for notes tendered by May 26 early deadline; $1,037.50 after, before June 10 expiration.
Early settlement expected May 31, 2022; funding from cash on hand or revolving credit facility.
Tender offer is subject to customary conditions; proration may apply if oversubscribed.
BofA Securities acts as dealer manager; D.F. King & Co. as information agent.

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