Reliance Steel & Aluminum Co. (NYSE: RS) announced today that it has issued a notice of redemption (the “Redemption Date”) to redeem all of its outstanding 4.500% Senior Notes due April 15, 2023 (the “Senior Notes”) on January 15, 2023. The aggregate principal amount outstanding is $500,000,000.
Pursuant to the terms of the indenture, as amended, governing the Senior Notes, the Senior Notes will be redeemed at a price equal to 100% of the principal amount of the Senior Notes, together with accrued and unpaid interest, if any, up to but excluding the Redemption Date. Holders that hold their Senior Notes through the Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC.
