July 27, 2020

Ryerson Holding Corporation completed its offering of $500 million of Senior Secured Notes due 2028 through its wholly owned subsidiary, Joseph T. Ryerson & Son, Inc.

On July 22, Willkie client Joseph T. Ryerson & Son, Inc., a Platinum Equity portfolio company, completed an offering of $500 million aggregate principal amount of 8.50% Senior Secured Notes due 2028. The gross proceeds from the notes offering will be used to (i) redeem in full Ryerson’s outstanding 11% Senior Secured Notes due 2022 and (ii) pay related fees, expenses and premiums.

Willkie previously represented Platinum and Ryerson in connection with the offering of Notes being repaid and several other bank and bond financings as well as Ryerson Holding Corporation’s initial public offering. Ryerson, together with its subsidiaries, is a leading North American processor and distributor of metals, with operations in the United States and Canada as well as in China and Mexico. Ryerson distributes and processes various kinds of metals, including stainless and carbon steel and aluminum products.

The deal was led by partners Cristopher Greer, Laura Acker and Jason Pearl, and associates Frances Dales and Jonathan Zane.

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