Ryerson to redeem $100 million of 8½% notes due 2028 at 104

By Marisa Wong

Los Angeles, June 10 – Ryerson Holding Corp. plans to redeem $100 million of its outstanding 8½% senior secured notes due 2028 using proceeds from a sale-leaseback transaction, according to a press release.

The notes are expected to be redeemed on July 9 at 104 plus accrued interest.

Following the partial redemption, about $350 million of the notes will remain outstanding.

Ryerson is a Chicago-based value-added processor and distributor of industrial metals.

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