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FORM 8-K
CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Date of Report (Date of earliest event reported): January 2, 1997
RELIANCE STEEL & ALUMINUM CO.
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(Exact name of registrant as specified in its charter)
California 001-13122 95-1142616
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
2550 East 25th Street
Los Angeles, California 90058
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(Address of principal executive offices)
(213) 582-2272
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(Telephone number)
N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On January 2, 1997, the Registrant issued $75 million of senior unsecured
notes (the "Senior Notes") in a private placement. Of the Senior Notes, $22
million comprise Series A, which bear interest at the rate of 7.08% per annum
and are due January 2, 2004; $23 million comprise Series B, which bear interest
at the rate of 7.21% per annum and are due January 2, 2005; $20 million comprise
Series C, which bear interest at the rate of 7.31% and are due January 2, 2007;
and $10 million comprise Series D, which bear interest at the rate of 7.37% and
are due January 2, 2009. The Senior Notes were issued to eight (8) insurance
companies, with Bank of America NT & SA acting as the placement agent.
MetalCenter, Inc., Valex Corp., CCC Steel, Inc. and Siskin Steel & Supply
Company, Inc., subsidiaries of the Registrant, have guaranteed repayment of the
Senior Notes. The Registrant used the proceeds to pay-off bank debt and the
promissory notes issued October 1, 1996 by the Registrant in connection with the
acquisition of Siskin Steel & Supply Company, Inc. as previously reported in a
Form 8-K dated October 1, 1996. The purpose of the issuance was to take
advantage of lower long-term interest rates and to maintain a balance between
short-term variable rate and fixed rate debt.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired. N/A
(b) Pro Forma Financial Information. N/A
(c) Exhibits.
2.01 Form of Note Purchase Agreement dated November 1, 1996 between
each of the purchasers listed on Schedule "A" attached thereto
and the Registrant.
20.01 Press Release dated January 14, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
RELIANCE STEEL & ALUMINUM CO.
Dated: January ___, 1997 By:
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David H. Hannah
President
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EXHIBIT INDEX
2.01 Form of Note Purchase Agreement dated November 1, 1996 between each of
the purchasers listed on Schedule "A" attached thereto and the
Registrant.
20.01 Press Release dated January 14, 1997.