CHICAGO, Aug. 8, 2023
/PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI)
(the "Company" or "Ryerson") announced today the closing of an
underwritten secondary public offering of 4,000,000 shares of its
common stock by an affiliate of Platinum Equity LLC (the "Selling
Stockholder"). Ryerson did not offer any shares of its common stock
in the offering and did not receive any of the proceeds from the
sale of the shares offered by the Selling Stockholder.
The secondary offering was made pursuant to an effective shelf
registration statement on Form S-3 (including a prospectus) which
was filed by Ryerson with the Securities and Exchange Commission
("SEC"). You may obtain these documents for free by visiting EDGAR
on the SEC website at www.sec.gov. Copies of the
prospectus supplement and the accompanying prospectus relating to
the Offering may also be obtained by contacting: J.P. Morgan, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by
telephone: 1-866-803-9204, or by emailing:
prospectus-eg_fi@jpmchase.com.
This press release is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of any securities in any state or
jurisdiction in which such an offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Ryerson
Ryerson is a leading value-added processor and distributor of
industrial metals, with operations in the
United States, Canada,
Mexico, and China. Founded in 1842, Ryerson has around
4,300 employees in approximately 100 locations.
Safe Harbor Provision
Certain statements made in this presentation and other written
or oral statements made by or on behalf of the Company 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; the impact of
geopolitical events, including Russia's invasion of Ukraine and global trade sanctions;
fluctuating metal prices; our 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; the ownership
of a significant portion of our equity securities by a single
investor group; work stoppages; obligations under certain employee
retirement benefit plans; 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, 2022, our quarterly reports on Form
10-Q for the quarters ended March 31,
2023 and June 30, 2023, 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.
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SOURCE Ryerson Holding Corporation