Metals USA to redeem all floaters due 2012 for about $171 million

By Devika Patel

Knoxville, Tenn., April 14 - Metals USA Inc. announced it will redeem all of its outstanding senior floating-rate toggle notes due 2012 at par plus interest to, but excluding, May 14, the redemption date.

The company will pay roughly $171 million for the notes.

Metals USA is a Houston-based metals processor and distributor.

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