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Reliance Steel offers two tranches of notes via three bookrunners
By Devika Patel
Knoxville, Tenn., July 28 – Reliance Steel & Aluminum Co. expects to sell fixed-rate senior notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
J.P. Morgan Securities LLC, BofA Securities Inc. and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay debt under the company’s unsecured revolving credit facility and unsecured term loan and for general corporate purposes.
The metals service center company is based in Los Angeles.
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