Russel Metals ( (TSE:RUS) ) has issued an announcement.
Russel Metals Inc. has successfully closed a $300 million offering of senior unsecured notes, rated BBB (low) with a stable trend by DBRS Limited. The proceeds will be used for general corporate purposes, potentially enhancing the company’s financial flexibility and supporting its operations across North America.
More about Russel Metals
Russel Metals is one of the largest metals distribution companies in North America, focusing on value-added processing. It operates in three segments: metals service centers, energy field stores, and steel distributors. The company offers a wide range of metal products, including carbon steel, stainless steel, aluminum, and other non-ferrous metals, catering to the energy industry and large equipment manufacturers.
YTD Price Performance: -5.33%
Average Trading Volume: 15,365
Technical Sentiment Signal: Hold
Current Market Cap: $1.57B
For an in-depth examination of RUS stock, go to TipRanks’ Stock Analysis page.