TORONTO, March 28, 2025 – Russel Metals Inc. (TSX: RUS) has announced the completion of its previously declared offering (the “Offering”) of 4.423% senior unsecured notes due in 2030 (the “Notes”), totaling $300 million in aggregate principal amount. The net proceeds from this Offering will be allocated for general corporate purposes. DBRS Limited has assigned a final rating of BBB (low) with a stable outlook to the Notes.
About Russel Metals Inc.
Russel Metals ranks among the largest metal distribution enterprises in North America, with an increasing emphasis on value-added processing. The company operates across three sectors: metal service centers, energy field stores, and steel distributors. Its metal service center network offers a wide selection of metal products in various sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular goods, stainless steel, aluminum, and other specialty non-ferrous metals. Its energy field stores provide a specialized product range tailored to the requirements of customers within the energy sector. The steel distributor segment functions as master distributors, selling steel in bulk to other steel service centers and large equipment manufacturers, primarily on an “as is” basis.
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Cautionary Statement on Forward-Looking Information
This press release contains certain statements that constitute forward-looking statements or information as defined by applicable securities laws, concerning, among other things, the expected advantages of the Offering. These forward-looking statements are often identified by terms such as “expect,” “may,” “will,” “could,” “might,” “should,” “believe,” and similar expressions. These statements are based on assumptions and estimates considered reasonable by us, but they inherently involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to significantly differ from those projected in the forward-looking statements.
Although we believe that the expectations reflected in our forward-looking statements are reasonable, there is no guarantee that these expectations will be achieved. Therefore, undue reliance should not be placed on the forward-looking statements in this press release. These statements are valid only as of the date of this release, and we disclaim any obligation to update them unless required by law.
SOURCE Russel Metals Inc.
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