Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Reliance Steel & Aluminum Co    RS

Delayed Quote. Delayed  - 03/28 10:02:03 pm
79.6 USD   +2.20%
03/08 RELIANCE STEEL : ex-dividend day
02/16 RELIANCE STEEL : tops Street 4Q forecasts
02/16 Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Yea..
News SummaryMost relevantAll newsSector newsTweets 

RELIANCE STEEL : & Aluminum Co. Announces a New $1.5 Billion Credit Facility

share with twitter share with LinkedIn share with facebook
share via e-mail
07/27/2011 | 02:55pm CEST

Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has amended and restated its existing $1.1 billion unsecured revolving credit facility for five years and increased the size to $1.5 billion. The restated credit facility includes an increase option for up to an additional $500 million and includes more favorable pricing terms than the Company's prior facility that would have matured on November 20, 2012.

David H. Hannah, Chairman and CEO of Reliance, said, "We were pleased with the response from our existing bank group and appreciate their continued support, as well as the strong interest from new banks. Our credit facility now includes 26 banks, compared to 16 banks in our prior facility. The increased size of the credit facility will allow us to continue our growth of existing operations as well as anticipated acquisition opportunities. The more favorable pricing terms in the new facility will also contribute to our earnings."

Bank of America, N.A. is the Administrative Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P.Morgan Securities LLC and Wells Fargo Securities, LLC were the Joint Lead Arrangers and Joint Book Managers.

Reliance Steel & Aluminum Co.'s press releases and additional information are available on the Company's web site at www.rsac.com. The Company was named to the 2011 "Fortune 500" List and the 2011 Fortune List of "The World's Most Admired Companies."

This release may contain forward-looking statements. Actual results and events may differ materially as a result of a variety of factors, many of which are outside of Reliance Steel & Aluminum Co.'s control. Risk factors and additional information are included in Reliance Steel & Aluminum Co.'s reports on file with the Securities and Exchange Commission, including Reliance Steel & Aluminum Co.'s Annual Report on Form 10-K for the year ended December 31, 2010 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011.

Reliance Steel & Aluminum Co.
Kim P. Feazle
Investor Relations
(713) 610-9937
(213) 576-2428

© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
03/08 RELIANCE STEEL & ALUMINUM CO : ex-dividend day
02/24 RELIANCE STEEL & ALUMINUM : Management's Discussion and Analysis of Financial Co..
02/16 RELIANCE STEEL & ALUMINUM : tops Street 4Q forecasts
02/16 Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2016 Finan..
02/13RELIANCE STEEL & ALUMINUM CO : annual earnings release
02/02 Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2016 R..
2016 Reliance Steel & Aluminum Co. Announces Participation at Cowen and Company&rs..
2016 RELIANCE STEEL & ALUMINUM CO : ex-dividend day
2016 RELIANCE STEEL & ALUMINUM : Management's Discussion and Analysis of Financial Co..
2016 RELIANCE STEEL & ALUMINUM : misses Street 3Q forecasts
More news
Sector news : Metal Service Centers
10:42a FOSUN INTERNATIONAL : China's Fosun CEO steps down, reshuffle to impact conglome..
03/28 Aviva eyes sale of Friends Provident for $500-$700 million - source
03/27DJTHYSSENKRUPP : Hunts for Exit From Steel -- WSJ
03/26DJTATA STEEL : Steel Pioneer Thyssenkrupp Is Getting Out of Steel
03/23DJFORTESCUE METALS : to Repay Further US$1 Billion Debt
More sector news : Metal Service Centers
News from SeekingAlpha
03/07 Reliance Steel & Aluminum goes ex-dividend tomorrow
02/27 Trump promises "big statement" on infrastructure spending
02/23 REPORT : Trump to push infrastructure spending plan to 2018
02/20 22 DIVIDEND INCREASES : February 13-17, 2017
02/16 Reliance Steel & Aluminum (RS) Q4 2016 Results - Earnings Call Transcript
Financials ($)
Sales 2017 9 465 M
EBIT 2017 684 M
Net income 2017 420 M
Debt 2017 1 605 M
Yield 2017 2,31%
P/E ratio 2017 14,19
P/E ratio 2018 13,11
EV / Sales 2017 0,78x
EV / Sales 2018 0,73x
Capitalization 5 799 M
More Financials
Duration : Period :
Reliance Steel & Aluminum  Technical Analysis Chart | RS | US7595091023 | 4-Traders
Full-screen chart
Technical analysis trends RELIANCE STEEL & ...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 89,6 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Gregg J. Mollins President, Chief Executive Officer & Director
Mark V. Kaminski Independent Non-Executive Chairman
James Donald Hoffman Chief Operating Officer & Executive Vice President
Karla R. Lewis Chief Financial Officer & Senior Executive VP
Susan C. Borchers Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VALE SA16.92%48 951
NIPPON STEEL & SUMITOM..-1.17%22 061
POSCO--.--%21 570
BAOSHAN IRON & STEEL C..2.20%20 816
More Results