Metals USA files $200 million shelf covering debt, preferreds, stock

By Devika Patel

Knoxville, Tenn., March 14 - Metals USA Holdings Corp. filed a $200 million shelf in an S-3 filing with the Securities and Exchange Commission. The registration includes $63.75 million of securities previously registered but unsold.

The registration covers common stock, preferred stock, stock purchase contracts, warrants and debt securities, along with 23,728,650 common shares to be offered by selling shareholders.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Metals USA is based in Fort Lauderdale, Fla., and provides products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals, and building products markets.

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