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Russel Metals to Redeem All of its Outstanding 6% Senior Unsecured Notes Due March 16, 2026

Newswire.ca - Tue Apr 2, 6:30AM CDT

TORONTO, April 2, 2024 /CNW/ - Russel Metals Inc. (TSX: RUS) today gave notice to redeem its 6% senior unsecured notes due March 16, 2026 (the "Notes") on May 2, 2024, at a price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon. This redemption represents all of the original $150 million principal amount of the Notes and will be financed through cash on hand. As of December 31, 2023, Russel had $629 million of cash and cash equivalents.

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Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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