Russel Metals to redeem C$150 million 6% senior notes due 2022

By Taylor Fox

New York, Oct. 1 – Russel Metals Inc. gave notice to redeem C$150 million of its 6% senior notes due April 19, 2022, according to a news release.

The notes will be redeemed on Nov. 5 at par plus interest.

This redemption represents half of the original C$300 million of the notes and will be financed through cash on hand and borrowings under the company’s credit facility.

Russel is a Toronto-based metals distribution company.

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