Russel Metals Advances Debt Reduction Strategy

Russel Metals (TSE:RUS) has released an update.

Russel Metals Inc. plans to redeem all of its outstanding 5.75% senior unsecured notes due in October 2025 to improve financial flexibility and reduce interest expenses. This move completes the company’s strategy to eliminate high yield debt after recent financial restructuring, including a new $600 million credit facility. Russel Metals is a major North American metal distribution company, serving various market segments with a wide range of metal products.

For further insights into TSE:RUS stock, check out TipRanks’ Stock Analysis page.