Ryerson Tull to sell $150 million seven-year notes

New York, Nov. 24 - Ryerson Tull, Inc. said it plans to sell $150 million of senior notes due 2011.

The securities will be guaranteed by the company's Ryerson Tull Procurement Corp. subsidiary on a senior subordinated basis.

Proceeds will be used to repay borrowings on the company's revolving credit facility.

The deal will be sold under Rule 144A and Regulation S.

No further details were immediately available on the transaction.

Ryerson Tull is a Chicago-based distributor and processor of metals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.