0001104659-20-087319.txt : 20200728 0001104659-20-087319.hdr.sgml : 20200728 20200728160834 ACCESSION NUMBER: 0001104659-20-087319 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200728 DATE AS OF CHANGE: 20200728 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RELIANCE STEEL & ALUMINUM CO CENTRAL INDEX KEY: 0000861884 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 951142616 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-240139 FILM NUMBER: 201053973 BUSINESS ADDRESS: STREET 1: 350 S GRAND AVE STE 5100 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-687-7700 MAIL ADDRESS: STREET 1: 350 S GRAND AVE STE 5100 CITY: LOS ANGELES STATE: CA ZIP: 90071 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELIANCE STEEL & ALUMINUM CO CENTRAL INDEX KEY: 0000861884 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 951142616 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 350 S GRAND AVE STE 5100 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-687-7700 MAIL ADDRESS: STREET 1: 350 S GRAND AVE STE 5100 CITY: LOS ANGELES STATE: CA ZIP: 90071 FWP 1 a20-25582_4fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration Statement No. 333-240139

Pricing Term Sheet

 

RELIANCE STEEL & ALUMINUM CO.

 

$400,000,000 1.300% Senior Notes due 2025
$500,000,000 2.150% Senior Notes due 2030

 

Pricing Term Sheet

 

Issuer:

 

Reliance Steel & Aluminum Co.

 

 

 

Securities:

 

$400,000,000 1.300% Senior Notes due 2025
$500,000,000 2.150% Senior Notes due 2030

 

 

 

Principal Amount:

 

$400,000,000 (Senior Notes due 2025)
$500,000,000 (Senior Notes due 2030)

 

 

 

Security Type:

 

SEC registered

 

 

 

Maturity:

 

August 15, 2025 (Senior Notes due 2025)
August 15, 2030 (Senior Notes due 2030)

 

 

 

Coupon:

 

1.300% (Senior Notes due 2025)
2.150% (Senior Notes due 2030)

 

 

 

Price to Public:

 

99.694% of face amount (Senior Notes due 2025)
99.722% of face amount (Senior Notes due 2030)

 

 

 

Yield to Maturity:

 

1.363% (Senior Notes due 2025)
2.181% (Senior Notes due 2030)

 

 

 

Spread to Benchmark Treasury:

 

+110 basis points (Senior Notes due 2025)
+160 basis points (Senior Notes due 2030)

 

 

 

Benchmark Treasury:

 

0.250% UST due June 30, 2025 (Senior Notes due 2025)
0.625% UST due May 15, 2030 (Senior Notes due 2030)

 

 

 

Benchmark Treasury Price and Yield:

 

99-30 and 0.263% (Senior Notes due 2025)
100-13+ and 0.581% (Senior Notes due 2030)

 

 

 

Interest Payment Dates:

 

February 15 and August 15, commencing February 15, 2021

 

 

 

Make-Whole Call:

 

Prior to July 15, 2025, make-whole call at T+20 basis points (Senior Notes due 2025)

Prior to May 15, 2030, make-whole call at T+25 basis points (Senior Notes due 2030)

 

 

 

Par Call:

 

On or after July 15, 2025 (Senior Notes due 2025)

On or after May 15, 2030 (Senior Notes due 2030)

 

 

Trade Date:

 

July 28, 2020

 

 

 

Settlement Date:

 

T+4; August 3, 2020

 

 

 

CUSIP:

 

759509AF9 (Senior Notes due 2025)
759509AG7 (Senior Notes due 2030)

 

 

 

ISIN:

 

US759509AF91 (Senior Notes due 2025)
US759509AG74 (Senior Notes due 2030)

 

 

 

Ratings*:

 

Baa3 / BBB / BBB (Moody’s / S&P / Fitch)

 

 

 

Minimum denomination:

 

$2,000 and integral multiples of $1,000 in excess thereof

 

 

 

Joint Book-Running Managers:

 

J.P. Morgan Securities LLC
BofA Securities, Inc.
Wells Fargo Securities, LLC

 

 

 

Senior Co-Managers:

 

PNC Capital Markets LLC
TD Securities (USA) LLC

 

 

 

Co-Managers

 

U.S. Bancorp Investments, Inc.
BNP Paribas Securities Corp.
MUFG Securities Americas Inc.
HSBC Securities (USA) Inc.
KeyBanc Capital Markets Inc.
SunTrust Robinson Humphrey, Inc.
Comerica Securities, Inc.

 

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.

 

We expect that delivery of the Senior Notes due 2025 and the Senior Notes due 2030 (together, the “Notes”) will be made against payment for the Notes on or about the Settlement Date indicated above, which will be the fourth business day following the trade date of July 28, 2020 (this settlement cycle being referred to as “T+4”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally will be required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on any date prior to the second business day preceding the Settlement Date will be required, by virtue of the fact that the Notes will initially settle in four business days (T+4), to specify alternative settlement arrangements to prevent a failed settlement and should consult their own investment advisor.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (i) J.P. Morgan Securities LLC collect at (212) 834-4533, (ii) BofA Securities, Inc. toll-free at 1-800-294-1322 or (iii) Wells Fargo Securities, LLC toll-free at 1-800-645-3751.