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Metals USA to Redeem Senior Floating Rate Toggle Notes
04/15/2010 - Metals USA Holdings announced plans to redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012.
Metals USA Holdings Corp. says it will redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012.
The outstanding notes are to be redeemed on May 14, 2010 for approximately $171 million, representing a redemption price of 100% of the aggregate principal amount of the notes, together with accrued and unpaid interest on the notes to (but not including) the redemption date.
The company said that additional information would be included in a Form 8-K to be filed with the Securities and Exchange Commission. A notice of redemption with instructions is being distributed to registered holders of the notes.
Metals USA Holdings Corp. is one of the largest metal service center businesses in North America and a leading provider of value-added metal processing and inventory management services.
