Russel Metals Closes $300 Million Offering of Investment Grade Senior Unsecured Notes
Russel Metals (TSX: RUS) has successfully completed its previously announced offering of $300 million aggregate principal amount of senior unsecured notes. The notes, rated BBB (low) with a stable trend by DBRS , carry a 4.423% interest rate and will mature in 2030. The company plans to utilize the net proceeds from this offering for general corporate purposes.
Russel Metals (TSX: RUS) ha completato con successo l'offerta precedentemente annunciata di 300 milioni di dollari di note senior non garantite. Le note, valutate BBB (basso) con un trend stabile da DBRS, hanno un tasso di interesse del 4,423% e scadranno nel 2030. L'azienda prevede di utilizzare i proventi netti di questa offerta per scopi aziendali generali.
Russel Metals (TSX: RUS) ha completado con éxito su oferta previamente anunciada de 300 millones de dólares en notas senior no garantizadas. Las notas, calificadas como BBB (bajo) con una tendencia estable por DBRS, tienen una tasa de interés del 4.423% y vencerán en 2030. La compañía planea utilizar los ingresos netos de esta oferta para fines corporativos generales.
러셀 메탈스 (TSX: RUS)는 이전에 발표한 3억 달러 규모의 선순위 무담보 채권 공모를 성공적으로 완료했습니다. 이 채권은 DBRS에 의해 BBB(낮음) 등급과 안정적인 추세를 보이며, 4.423%의 이자율을 가지고 있으며, 2030년에 만기가 됩니다. 회사는 이번 공모의 순수익을 일반 기업 용도로 사용할 계획입니다.
Russel Metals (TSX: RUS) a réussi à finaliser son offre précédemment annoncée de 300 millions de dollars d'obligations senior non sécurisées. Les obligations, notées BBB (bas) avec une tendance stable par DBRS, portent un taux d'intérêt de 4,423% et arriveront à échéance en 2030. La société prévoit d'utiliser le produit net de cette offre à des fins corporatives générales.
Russel Metals (TSX: RUS) hat erfolgreich das zuvor angekündigte Angebot von 300 Millionen Dollar an unbesicherten vorrangigen Anleihen abgeschlossen. Die Anleihen, die von DBRS mit BBB (niedrig) und einem stabilen Trend bewertet wurden, haben einen Zinssatz von 4,423% und laufen im Jahr 2030 aus. Das Unternehmen plant, die Nettomittel aus diesem Angebot für allgemeine Unternehmenszwecke zu verwenden.
- Successfully raised $300 million through investment grade notes offering
- Received BBB (low) investment grade rating with stable trend from DBRS
- Takes on $300 million in new debt with 4.423% interest rate
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution companies in
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Cautionary Statement on Forward-Looking Information
Certain statements contained in this press release constitute forward-looking statements or information within the meaning of applicable securities laws relating to, among other things, the anticipated benefits of the Offering. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "may", "will", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us, inherently involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
While we believe that the expectations reflected in our forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct, and our forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release and, except as required by law, we do not assume any obligation to update our forward-looking statements.
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SOURCE Russel Metals Inc.
FAQ
What is the interest rate and maturity date for Russel Metals' new senior unsecured notes?
What is the credit rating assigned to Russel Metals' 2030 senior unsecured notes?
How much did Russel Metals raise in their 2025 senior unsecured notes offering?
What will Russel Metals use the proceeds from their $300M notes offering for?
