Reliance Steel & Aluminum Co. (RS) Wednesday said it has entered into an underwriting agreement for the sale of $500 million, 4.5 percent Senior Notes due 2023, priced at 99.585 percent. The company intends to use the fund to finance a portion of its pending acquisition of Metals USA Holdings Corp. The offering is expected to close on April 12.
Reliance however said, if the acquisition of Metals USA is not complete by December 15, it will be required to redeem all of the notes at a purchase price in cash equal to 101 percent of their aggregate principal amount, plus interest.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.