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  - 12/02 10:02:01 pm
83.02 USD   +1.83%
11/29 Reliance Steel & Aluminum Co. Announces Participation at Cowen an..
11/16 RELIANCE STEEL : ex-dividend day
10/20 RELIANCE STEEL : misses Street 3Q forecasts
News SummaryMost relevantAll newsSector news 

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 | 08:55am EST

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
11/29 Reliance Steel & Aluminum Co. Announces Participation at Cowen and Company&rs..
11/16 RELIANCE STEEL & ALUMINUM CO : ex-dividend day
10/31 RELIANCE STEEL & ALUMINUM : Management's Discussion and Analysis of Financial Co..
10/20 RELIANCE STEEL & ALUMINUM : misses Street 3Q forecasts
10/20 RELIANCE STEEL & ALUMINUM CO : Results of Operations and Financial Condition, Fi..
10/20 Reliance Steel & Aluminum Co. Reports Third Quarter 2016 Financial Results
10/17RELIANCE STEEL & ALUMINUM CO : quaterly earnings release
10/06 RELIANCE STEEL & ALUMINUM CO. : To Announce Third Quarter 2016 Results On Thursd..
10/05 RELIANCE STEEL & ALUMINUM CO : Amendments to Articles of Inc. or Bylaws; Change ..
10/04 RELIANCE STEEL & ALUMINUM CO : Entry into a Material Definitive Agreement, Termi..
More news
Sector news : Metal Service Centers
11/29DJBrazil's Vale Hopes for Samarco Mining Operations Restart in Mid-2017 -- Upda..
11/29 CITIC aims to cut costs at Sino Iron project, ramp up output
11/29 TATA STEEL : German union leader says will fight for plants in Tata-Thyssen merg..
11/28DJTATA STEEL : Poised to Sell Specialty U.K. Business to Liberty House -- 2nd Upda..
11/28DJTATA STEEL : Poised to Sell Specialty U.K. Business to Liberty House -- Update
More sector news : Metal Service Centers
News from SeekingAlpha
11/29 Six steel stocks downgraded at Macquarie
11/22 Steel stocks smash through 52-week highs
11/16 Reliance Steel & Aluminum goes ex-dividend today
11/16 Reliance Steel & Aluminum goes ex-dividend today
11/15 5 STOCKS TO 'TRUMP' THE S&P 500, PAR : Reliance Steel & Aluminum
Financials ($)
Sales 2016 8 564 M
EBIT 2016 545 M
Net income 2016 308 M
Debt 2016 1 856 M
Yield 2016 2,02%
P/E ratio 2016 20,93
P/E ratio 2017 16,15
EV / Sales 2016 0,92x
EV / Sales 2017 0,84x
Capitalization 6 024 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 HOLD
Number of Analysts 10
Average target price 75,2 $
Spread / Average Target -9,4%
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 SA146.34%42 766
ARCELORMITTAL140.37%23 435
POSCO--.--%18 904
More Results