Ryerson Holding Corporation
|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||Ryerson Holding Corporation||Our Role||Exclusive Financial Advisor|
On June 10, 2021, Ryerson Holding Corporation (“Ryerson”, “The Company”) announced that it has closed a purchase and sale agreement pursuant to which Ryerson sold a total of eleven properties located in Delaware, Florida, Kentucky, Minnesota, Missouri, Oklahoma, Pennsylvania, Tennessee, Texas and Virginia. The sale price for the eleven properties totaled approximately $107 million. In connection with the purchase agreement, the Company entered into lease agreements for each property. The Company utilized proceeds from this sale-leaseback transaction to redeem $100 million of its outstanding 8.50% Senior Secured Notes due 2028. KeyBanc Capital Markets served as exclusive financial advisor on the transaction.