News & Events

The Firm recently acted as counsel to Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., as representatives of the initial purchasers of $600,000,000 aggregate principal amount of Reliance Steel & Aluminum Co.’s investment-grade notes offered pursuant to Rule 144A and Regulation S. The notes were issued in two fixed rate tranches. Reliance is one of the largest metals service center companies in the United States. The proceeds will be primarily used to repay outstanding indebtedness under Reliance’s credit facility, which included borrowings made to fund the repurchase of private notes by Earle M. Jorgensen Company (“EMJ”), a wholly-owned and recently acquired subsidiary of Reliance. In connection with its engagement, the Firm also represented J.P. Morgan Securities Inc. as dealer manager in EMJ’s tender offer.

The Simpson Thacher team included John Lobrano, Gregory King and Véronique Laughlin (Corporate), Jonathan Cantor and Helena Wolin (Tax) and Mark Lab (Blue Sky).