Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Delayed Quote. Delayed  - 08/18 10:03:52 pm
69.31 USD   +0.29%
08/16 RELIANCE STEEL : ex-dividend day
07/27 RELIANCE STEEL : RS) Files An 8-K Results of Operations and Financi..
07/27 RELIANCE STEEL : tops Street 2Q forecasts
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
kfeazle@rsac.com
investor@rsac.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RELIANCE STEEL & ALUMINUM
08/16 RELIANCE STEEL & ALUMINUM CO : ex-dividend day
08/02 RELIANCE STEEL & ALUMINUM : Management's Discussion and Analysis of Financial Co..
07/27 RELIANCE STEEL & ALUMINUM CO : Investor Network: RELIANCE STEEL & ALUMINUM CO to..
07/27 RELIANCE STEEL & ALUMINUM CO. (NYSE : RS) Files An 8-K Results of Operations and..
07/27 RELIANCE STEEL & ALUMINUM : tops Street 2Q forecasts
07/27 RELIANCE STEEL & ALUMINUM CO : Results of Operations and Financial Condition, Fi..
07/27 Reliance Steel & Aluminum Co. Reports Second Quarter 2017 Financial Results
07/13 Reliance Steel & Aluminum Co. to Announce Second Quarter 2017 Results on Thur..
06/19 Reliance Steel & Aluminum Co. Announces Updated Guidance for the Second Quart..
05/31 Reliance Steel & Aluminum Co. Announces Participation at Deutsche Bank’..
More news
News from SeekingAlpha
08/15 U.S. still seen imposing steel tariffs despite probe delay, analysts say
08/15 Reliance Steel & Aluminum goes ex-dividend tomorrow
08/10 Dividend Growth Stocks Going Ex-Div August 14-18th
08/07 China iron ore gains lift Rio Tinto, BHP to 52-week highs
07/28 U.S. Steel cut to Sell at Citigroup on flat rolled pricing risk
Financials ($)
Sales 2017 9 593 M
EBIT 2017 651 M
Net income 2017 385 M
Debt 2017 1 676 M
Yield 2017 2,60%
P/E ratio 2017 13,16
P/E ratio 2018 11,46
EV / Sales 2017 0,70x
EV / Sales 2018 0,64x
Capitalization 5 053 M
Chart RELIANCE STEEL & ALUMINUM
Duration : Period :
Reliance Steel & Aluminum  Technical Analysis Chart | RS | US7595091023 | 4-Traders
Technical analysis trends RELIANCE STEEL & ALUMINUM
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 85,5 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE STEEL & ALUMINUM CO-13.11%5 053
VALE SA31.69%52 514
ARCELORMITTAL5.47%26 595
BAOSHAN IRON & STEEL CO LTD25.35%25 914
POSCO--.--%25 329
NIPPON STEEL & SUMITOMO METAL CORP0.15%22 751