Metals USA Announces Redemption of Senior Floating Rate Toggle Notes
FORT LAUDERDALE, Fla., April 14 /PRNewswire-FirstCall/ -- Metals USA Holdings Corp. (NYSE: MUSA) today announced that it will redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012. The outstanding notes will be redeemed on May 14, 2010 for approximately $171 million, representing a redemption price of 100 percent of the aggregate principal amount of the notes, together with accrued and unpaid interest on the notes to but not including the redemption date.
Additional information will 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. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution that holds notes on their behalf.
About Metals USA Holdings Corp.
Metals USA Holdings Corp. ("Metals USA" or "Company") 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. For more information, visit the Company's website at www.metalsusa.com. The information contained in this release is limited. Metals USA will file a Form 8-K with the Securities and Exchange Commission (the "SEC"). INTERESTED PARTIES ARE STRONGLY ENCOURAGED TO READ THE FORM 8-K AND OTHER DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN CERTAIN IMPORTANT INFORMATION. Additionally, copies of the Company's filings with the SEC, together with press releases and other information investors may find of benefit, can be found at the Company's website at www.metalsusa.com under "Investor Relations".
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements, as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements as a result of various important factors, including, but not limited to, those disclosed in the Company's historic periodic filings with the SEC. As a result, these statements speak only as of the date that they were made, and Metals USA undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," "forecasts" and similar expressions are used to identify these forward-looking statements.
SOURCE Metals USA Holdings Corp.
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