/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, March 19, 2018 /CNW/ - Russel Metals Inc. (RUS –
TSX) announced that it has closed, effective March 16, 2018, its $150
million offering of 6% Senior Unsecured Notes due 2026 ( the
"Notes").
Russel Metals utilized the net proceeds of the offering for the
repayment of bank indebtedness and for general corporate
purposes.
RBC Capital Markets and GMP Securities acted as joint book
runners and co-lead managers for the offering, with an underwriting
syndicate that included Scotia Capital Inc., Laurentian Bank
Securities Inc., Raymond James Ltd. and Wells Fargo Securities
Canada, Ltd.
Securities Law Matters
The Notes were offered on a private placement basis in each of
the provinces of Canada and in
the United States without the
filing of a prospectus or registration statement. This news
release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities in the United States.
The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Russel Metals
Russel Metals is one of the largest metals distribution and
processing companies in North America. It carries on business
in three metals distribution segments: metals service centers,
energy products and steel distributors, under various names
including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier,
Alberta Industrial Metals, Apex Distribution, Apex Monarch, Apex
Remington, Apex Western Fiberglass, Arrow Steel Processors, B&T
Steel, Baldwin International, Color Steels, Comco Pipe and Supply,
Couleur Aciers, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe
Steel, Mégantic Métal, Métaux Russel, Métaux Russel Produits
Spécialisés, Milspec, Norton Metals, Pioneer Pipe, Russel Metals
Processing, Russel Metals Specialty Products, Russel Metals
Williams Bahcall, Spartan Energy Tubulars, Sunbelt Group, Triumph
Tubular & Supply, Wirth Steel
and York-Ennis.
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calling our Investor Relations Line: 905-816-5178.
SOURCE Russel Metals Inc.