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Quotes & Info
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| MUSA > SEC Filings for MUSA > Form 8-K on 24-Oct-2012 | All Recent SEC Filings |
24-Oct-2012
Other Events, Financial Statements and Exhibits
On October 24, 2012, Metals USA, Inc. ("Metals USA"), a wholly-owned subsidiary of Metals USA Holdings Corp., issued a press release announcing that it is planning to enter into a new term loan in an amount of approximately $275 million. The proceeds of the term loan are anticipated to be used for (i) the redemption of all of Metal USA's outstanding 11 1/8% Senior Secured Notes due 2015, (ii) the reduction of borrowings under the company's existing asset based credit facility, (iii) payment of costs, expenses and fees associated with the term loan, and (iv) general corporate purposes. The timing and size of any potential financing and the use of proceeds thereof are subject to market and other conditions, and Metals USA makes no assurance that such actions will take place at any specific time, or at all.
A copy of the press release announcing the proposed new term loan is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 8.01 by reference.
(d) Exhibits. The following exhibit is filed herewith:
Exhibit
Number Description
99.1 Press release, dated October 24, 2012
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