Debtholder Information
5.75% Senior Unsecured Notes Due 2025
On October 27, 2020, Russel Metals issued C$150 million of Senior Unsecured Notes due 2025. The Notes will mature on October 27, 2025. Interest on the Notes will accrue at a rate of 5.75% per annum and will be payable semi-annually in arrears in equal installments on October 27 and April 27, commencing on April 27, 2021.
6.00% Senior Unsecured Notes Due 2026
On March 16, 2018, Russel Metals issued C$150 million of Senior Unsecured Notes due 2026. The Notes will mature on March 16, 2026. Interest on the Notes will accrue at a rate of 6.00% per annum and will be payable semi-annually in arrears in equal installments on March 16 and September 16, commencing on September 16, 2018.
Credit Ratings
Please note that inclusion of the following credit ratings is for information purposes only and does not reflect Russel Metals’ agreement or disagreement with the opinions expressed by the rating agency.
| S&P Global | DBRS Morningstar | |
|---|---|---|
| Corporate Rating | BB+ | BBB (low) |
| Senior Unsecured Notes | BB+ | not rated |
| Outlook | Stable | Stable |
Redemptions and Maturities
- 6% Senior Unsecured Notes were redeemed on October 27, 2020.
- 7.75% Convertible Unsecured Subordinated Debentures were redeemed on Monday November 4, 2015.
- 6.375% Senior Notes were redeemed on May 25, 2012
- 8% Subordinated Debentures were redeemed on March 26, 2004
- Class II preferred shares, Series C (RUS.PR.C) were redeemed on March 22, 2004
- 10% US Senior Notes were redeemed on February 23, 2004 and June 1, 2004
- 9% Convertible Debentures were redeemed on June 28, 1999
- 10.25% US Senior Notes were redeemed on June 25, 1999
- 10.2% Debentures matured July 13, 1998