# EDGAR Filing Document

**Accession Number:** 0001481582
**File Stem:** 0001193125-23-053987
**Filing Date:** 2023-2
**Character Count:** 15325
**Document Hash:** 6ac9268c11a51308eb7098707fcb771a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-053987.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001193125-23-053987

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230228

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ryerson Holding Corp
- **CENTRAL INDEX KEY:** 0001481582
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051]
- **IRS NUMBER:** 261251524
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34735
- **FILM NUMBER:** 23686116

**BUSINESS ADDRESS:**
- **STREET 1:** 227 W. MONROE ST., 27TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312 292-5000

**MAIL ADDRESS:**
- **STREET 1:** 227 W. MONROE ST., 27TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 28, 2023

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## Ryerson Holding Corporation

#### (Exact name of registrant as specified in its charter)

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#### Delaware

#### (State or other jurisdiction of incorporation)

#### 001-34735

#### (Commission File Number)

#### 26-1251524

#### (IRS Employer Identification No.)

#### 227 W. Monroe St., 27<sup>th</sup> Floor, Chicago, IL 60606

#### (Address of principal executive offices and zip code)
(312) 292-5000

#### (Registrant's telephone number, including area code)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock, $0.01 par value, 100,000,000 shares authorized | RYI | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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#### Item 8.01 Other Events.
*Closing of Secondary Offering and Share Repurchase* 

On February 28, 2023 Ryerson Holding Corporation (the "**Company**") announced that it had closed the previously announced underwritten secondary offering (the "**Offering**") of 2,486,580 shares (the "**Shares**") of the Company's common stock (the "**Common Stock**"), par value $0.01 per share, held by RYPS, LLC (the "**Selling Stockholder**") and share repurchase (the "**Share Repurchase**") from the Selling Stockholder, in a privately negotiated transaction, of 1,513,420 shares of the Common Stock for approximately $53,000,000. The press release announcing the closing of the Offering and Share Repurchase is being filed as Exhibit 99.1 to this Current Report on Form 8-K.

A copy of the opinion of Willkie Farr & Gallagher LLP relating to the validity of the Shares is attached as Exhibit 5.1 to this Current Report on Form 8-K.

#### Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

The following exhibits are being filed with this Current Report on Form 8-K:

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| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 5.1 | [Opinion of Willkie Farr & Gallagher LLP.](d452419dex51.htm) |
| 23.1 | [Consent of Willkie Farr & Gallagher LLP (included in Exhibit 5.1).](d452419dex51.htm) |
| 99.1 | [Press Release, dated February 28, 2023, issued by Ryerson Holding Corporation.](d452419dex991.htm) |
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document). |

---

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 28, 2023

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| | | |
|:---|:---|:---|
| **RYERSON HOLDING CORPORATION** | **RYERSON HOLDING CORPORATION** | **RYERSON HOLDING CORPORATION** |
| By: | /s/ James J. Claussen | /s/ James J. Claussen |
|  | Name: | James J. Claussen |
|  | Title: | Executive Vice President and Chief Financial Officer |

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## Exhibit 5.1

**Exhibit 5.1** 

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| | |
|:---|:---|
| ![LOGO](g452419g0227193640002.jpg)  | 787 Seventh Avenue<br> New York, NY 10019-6099<br> Tel: 212 728 8000<br> Fax: 212 728 8111 |

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February 28, 2023

Ryerson Holding Corporation

227 W. Monroe St., 27th Floor

Chicago, Illinois 60606

Ladies and Gentlemen:

We have acted as counsel to Ryerson Holding Corporation, a Delaware corporation (the "<u>Company</u>"), in connection with the offer and sale by RYPS, LLC (the "<u>Selling Stockholder</u>") of 2,486,580 shares (the "<u>Shares</u>") of the Company's common stock, par value $0.01 per share (the "<u>Common Stock</u>"). The Shares were offered pursuant to the Company's Registration Statement on Form S-3, filed with the Securities and Exchange Commission (the "<u>Commission</u>") pursuant to the Securities Act of 1933, as amended (the "<u>Act</u>") on January 29, 2021 (the "<u>Registration</u> <u>Statement</u>"), as supplemented by the preliminary prospectus supplement, dated February 24, 2023 (together with the base prospectus included as part of the Registration Statement, the "<u>Preliminary Prospectus</u>"), the final prospectus supplement dated February 24, 2023 (the "<u>Prospectus Supplement,</u>" and together with the base prospectus included as part of the Registration Statement, the "<u>Prospectus</u>").

We have examined copies of the Third Amended and Restated Certificate of Incorporation of the Company (the "<u>Certificate of Incorporation</u>"), the Amended and Restated Bylaws of the Company, the Registration Statement, the Prospectus, relevant resolutions adopted by the Company's Board of Directors (the "<u>Board of Directors</u>"), and other records and documents that we have deemed necessary for the purpose of this opinion letter. We are familiar with originals or copies, certified or otherwise identified to our satisfaction, of such other documents, corporate records, papers, statutes and authorities as we have deemed necessary to form a basis for the opinions hereinafter expressed.

In our examination, we have assumed the genuineness of all signatures and the conformity to original documents of all copies submitted to us. As to various questions of fact material to our opinion, we have relied on statements and certificates of officers and representatives of the Company and public officials.

Based on and subject to the foregoing and to the other qualifications and limitations set forth herein, we are of the opinion that the Shares have been validly issued and are fully paid and non-assessable.

BRUSSELS CHICAGO FRANKFURT HOUSTON LONDON LOS ANGELES MILAN

NEW YORK PALO ALTO PARIS ROME SAN FRANCISCO WASHINGTON

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Ryerson Holding Corporation

February 28, 2023

The opinion expressed herein is limited to the General Corporation Law of the State of Delaware and we express no opinion with respect to the laws of any other country, state or jurisdiction.

The opinion expressed herein is limited to matters expressly set forth herein, and no opinion is to be implied or may be inferred beyond the matters expressly stated herein.

The opinion expressed herein is given as of the date hereof, and we assume no obligation to update or supplement such opinion after the date hereof. The opinion expressed herein is rendered as of the date first written above and we disclaim any obligation to advise you of facts, circumstances, events or developments that hereafter may be brought to our attention and that may alter, affect or modify the opinion expressed herein. The opinion expressed herein is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Selling Stockholder or the Shares.

We hereby consent to the filing of this opinion letter with the Commission as an exhibit to the Company's Current Report on Form 8-K, which is incorporated by reference into the Registration Statement, and to the use of our name under the heading "Legal Matters" in the Prospectus. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder.

Very truly yours,

/s/ Wilkie Farr & Gallagher LLP

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g452419g06y12.jpg)

**Ryerson Holding Corporation Announces Closing of Secondary Offering of Common Stock by its Principal Shareholder and Concurrent Stock Repurchase** 

**CHICAGO – February 28, 2023 – Ryerson Holding Corporation (NYSE: RYI)** (the "Company" or "Ryerson") announced today the closing of an underwritten secondary public offering of 2,486,580 shares of its common stock by an affiliate of Platinum Equity LLC (the "Selling Stockholder"). Ryerson did not offer any shares of its common stock in the offering and did not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.

Concurrently with the completion of the offering, Ryerson repurchased directly from the Selling Stockholder 1,513,420 shares of common stock. The price per share paid by the Company equaled the price at which the underwriter purchased the shares from the Selling Stockholder in the offering, net of underwriting discounts and commissions. The Company funded the share repurchase with cash on hand.

Jim Claussen, Ryerson's Chief Financial Officer, stated "The completed secondary offering and concurrent share repurchase represent an important milestone in the continued evolution of Ryerson, where we have increased our public company share float, increased ownership to non-selling shareholders and put our authorized share buyback program to great use. This is a welcome addition to our capital allocation accomplishments over the past year, which now reflect returning to shareholders more than $120 million through dividends and share repurchases, increasing our quarterly dividend by 70 percent to $0.17 per share, and retiring the final $300 million of our outstanding high-yield debt. We would like to thank Platinum Equity for its ongoing investment and support throughout our 15-year relationship."

The secondary offering was made pursuant to an effective shelf registration statement on Form S-3 (including a prospectus) which was filed by Ryerson with the Securities and Exchange Commission ("SEC"). You may obtain these documents for free by visiting EDGAR on the SEC website at <u>www.sec.gov</u>. Copies of the prospectus supplement and the accompanying prospectus relating to the Offering may also be obtained by contacting: J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: 1-866-803-9204, or by emailing: prospectus-eg_fi@jpmchase.com.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

**About Ryerson** 

Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,200 employees in approximately 100 locations.

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**Safe Harbor Provision** 

Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as "objectives," "goals," "preliminary," "range," "believes," "expects," "may," "estimates," "will," "should," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; the impact of geopolitical events, including Russia's invasion of Ukraine and global trade sanctions; fluctuating metal prices; our indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; the ownership of a significant portion of our equity securities by a single investor group; work stoppages; obligations under certain employee retirement benefit plans; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2022 and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.

**Manager – Investor Relations:** 

Pratham Dear

312.292.5033 **<u>investorinfo@ryerson.com</u>**