Reliance ups credit facility
Reliance Steel and Aluminum Co. (RSAC) has reported that it has replaced its previous $355 million credit line with a new $600 million five-year revolving credit facility.
Reliance has stated it will use the new credit for things such as internal growth, acquisitions, and general corporate spending.
Los Angeles-based RSAC provides value-added metals processing services and distributes a full line of more than 90,000 metal products including
galvanized, hot-rolled and cold-finished steel,
stainless steel, titanium and alloy steel.