Cases & Deals

  • Home
  • Practices
  • Olympic Steel acquires Chicago Tube and Iron for $156 million

Share

Olympic Steel acquires Chicago Tube and Iron for $156 million

July 2011

Client(s) Olympic Steel, Inc.

Jones Day advised Olympic Steel, Inc. in connection with its $156 million acquisition and $335 million related financing of Chicago Tube and Iron Company. The financing consisted of a revolving credit facility with a letter of credit sublimit and a term loan facility.

Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated, aluminum and stainless steel flatrolled sheet, coil, and plate products. Chicago Tube and Iron is one of the largest steel service centers in the United States, with ten operations throughout the Midwest.

In addition to M&A representation, Jones Day provided employee benefits, government regulation, intellectual property, real estate, and tax advice regarding this transaction.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.