Ryerson Announces Increase in Revolving Credit Facility Aggregate Commitments and Extension – QNT Press Release

CHICAGO, June 30, 2022 /PRNewswire/ — Ryerson Holding Corporation (NYSE:RYI) (the “Company” or “Ryerson”) announced today that it has amended its existing asset-based revolving credit facility (as amended, the “Amended Credit Facility“) to, among other things, increase the aggregate commitments to $1.3 billion from $1.0 billion and extend the maturity from November 2025 to June 2027. The Company expects to continue to use the facility for general purposes in the ordinary course of business. The Amended Credit Facility is secured by the inventory and accounts receivable of the Company’s US and Canadian operating subsidiaries.

Under the Amended Credit Facility, Ryerson will receive pricing benefits if certain financial metrics are achieved. As a result of the refinancing, Ryerson will be able to lower its borrowing costs and significantly increase available liquidity. The …

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