UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. |
Other Events |
On June 23, 2021, Joseph T. Ryerson & Son, Inc. (“JT Ryerson”), a wholly-owned subsidiary of Ryerson Holding Corporation (the “Company”), delivered to holders of JT Ryerson’s 8.50% Senior Secured Notes due 2028 (the “Notes”) a notice of partial redemption of $50,000,000 aggregate principal amount of the Notes. The partial redemption is scheduled to occur on July 23, 2021 at a redemption price in cash of 103.0% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. JT Ryerson expects to fund the redemption using available cash on hand. As previously announced, on June 9, 2021, the Issuer issued a notice of partial redemption of $100,000,000 aggregate principal amount of the Notes which is scheduled to occur on July 9, 2021.
Upon completion of this partial redemption on July 23, approximately $300,000,000 aggregate principal amount of the notes will remain outstanding.
This Current Report on Form 8-K is not an offer to sell or the solicitation of an offer to buy any securities.
Forward-Looking Statements
Certain statements made in this current report constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our future performance, as well as management’s expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as “objectives,” “goals,” “preliminary,” “range,” “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; impacts and implications of adverse health events, including the COVID-19 pandemic; work stoppages; obligations under certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2020, and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.
Item 9.01. |
Financial Statements and Exhibits. |
d) Exhibits
The following exhibits are furnished with this report:
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Exhibit Title or Description |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 23, 2021
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RYERSON HOLDING CORPORATION |
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By: |
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/s/ James J. Claussen |
Name: |
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James J. Claussen |
Title: |
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Executive Vice President & Chief Financial Officer |
Document and Entity Information |
Jun. 23, 2021 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 23, 2021 |
Entity Registrant Name | Ryerson Holding Corporation |
Entity Central Index Key | 0001481582 |
Entity Emerging Growth Company | false |
Entity File Number | 001-34735 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 26-1251524 |
Entity Address, Address Line One | 227 W. Monroe St. |
Entity Address, Address Line Two | 27th Floor |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60606 |
City Area Code | 312 |
Local Phone Number | 292-5000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.01 par value, 100,000,000 shares authorized |
Trading Symbol | RYI |
Security Exchange Name | NYSE |
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