debt
confidence high
sentiment positive
materiality 0.60
Ryerson announces redemption of $50M of 8.50% Senior Secured Notes due 2028
Ryerson Holding Corp
- JT Ryerson delivered notice to redeem $50M aggregate principal of the 8.50% Senior Secured Notes due 2028.
- Redemption scheduled for July 23, 2022 at 103% of principal plus accrued interest.
- After redemption, no principal amount of the Notes will remain outstanding.
- Funded using available cash on hand; expected to reduce debt and interest expense.