debt
confidence high
sentiment neutral
materiality 0.60
Ryerson upsizes tender offer for 8.50% notes to $132.2M; $168.2M tendered
Ryerson Holding Corp
- Maximum tender amount increased from $75M to $132,155,000 of 8.50% Senior Secured Notes due 2028.
- As of May 26 early tender time, $168,178,000 principal amount tendered; expects prorated acceptance.
- Early tender premium of $25 per $1,000 principal; early settlement scheduled for May 31, 2022.
- No additional Notes will be purchased after early tender time due to maximum reached.