Ryerson Holding Corporation
Overview
| Deal Type |
Mergers & Acquisitions |
|---|---|
| Size |
$107 Million Sale-leaseback transaction |
| Client & Transactional Partners |
Ryerson Holding Corporation |
| Our Role |
Exclusive Financial Advisor |
Summary
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.
