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Russel Metals to redeem all $138.9 million notes with notes proceeds
By Ashley Montgomery
Kansas City, Kan., April 12 - Russel Metals Inc. will use the proceeds from its 6% senior unsecured notes due 2022 to redeem all $138.9 million of its 6 3/8% senior notes due March 1, 2014, according to a news release.
The proceeds will also be used for working capital, potential acquisitions and general corporate purposes.
Russel Metals is a metals distribution company based in Toronto.
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