Russel Metals Closes $300 Million Offering of Investment Grade Senior Unsecured Notes

TORONTO, March 28, 2025 /PRNewswire/ - Russel Metals Inc. (RUSMF) announces that it has closed its previously announced offering (the "Offering") of $300 million aggregate principal amount of 4.423% senior unsecured notes due 2030 (the "Notes"). The net proceeds from the Offering will be used for general corporate purposes. The Notes have been assigned a final rating of BBB (low), with a stable trend, by DBRS Limited.

About Russel Metals Inc. (RUSMF)

Russel Metals (RUSMF) is one of the largest metals distribution companies in North America with a growing focus on value-added processing. ?It carries on business in three segments: metals service centers, energy field stores and steel distributors. ?Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. ?Its energy field stores carry a specialized product line focused on the needs of energy industry customers. ?Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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Cautionary Statement on Forward-Looking Information

Certain statements contained in this press release constitute forward-looking statements or information within the meaning of applicable securities laws relating to, among other things, the anticipated benefits of the Offering. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "may", "will", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us, inherently involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

While we believe that the expectations reflected in our forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct, and our forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release and, except as required by law, we do not assume any obligation to update our forward-looking statements.

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SOURCE Russel Metals Inc. (RUSMF)