Steel Technologies reduces debt with proceeds of $50M note offer

Oct 27, 2004 | 06:02 AM | Scott Robertson

Steel Technologies reduces debt with proceeds of $50M note offer Steel Technologies Inc., Louisville, Ky., has issued $50 million of unsecured senior notes through a private placement arranged by SunTrust Robinson Humphrey, a division of SunTrust Capital Markets Inc.

The notes, which have an average term of 9.4 years and a blended interest rate of 5.67 percent, comprise $10 million due in 2011 bearing interest at 5.33 percent and $40 million due in 2014 bearing interest at 5.75 percent.....





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