SEC Contract Filing

Filing Date: 2016-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>6
<FILENAME>ryi-ex1029_199.htm
<DESCRIPTION>EX-10.29 INTERCREDITOR JOINDER
<TEXT>
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ryi-ex1029_199.htm
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.29 </p>
<p style="margin-bottom:12pt;text-align:justify;margin-top:0pt;text-indent:14.41%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:12pt;text-align:justify;margin-top:0pt;text-indent:14.41%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">JOINDER AGREEMENT dated as of July 24, 2015 (this &#8220;<font style="text-decoration:underline;">Joinder Agreement</font>&#8221;) is delivered pursuant to that certain INTERCREDITOR AGREEMENT dated as of October 10, 2012 and amended as of March 11, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#8220;<font style="text-decoration:underline;">Intercreditor Agreement</font>&#8221;), by and between <font style="text-transform:uppercase;">Bank of America, N.A</font> in its capacity as collateral agent<font style="color:#000000;"> </font>(the &#8220;<font style="text-decoration:underline;">Existing ABL Collateral Agent</font>&#8221;) for the existing ABL Secured Parties (the &#8220;<font style="text-decoration:underline;">Existing ABL Secured Parties</font>&#8221;) and <font style="text-transform:uppercase;">WELLS FARGO Bank, N.A.</font>, in its capacity as collateral agent for the Notes Secured Parties with respect to the Indenture (the &#8220;<font style="text-decoration:underline;">Indenture</font>&#8221;), and the other parties thereto.&nbsp;&nbsp;Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor Agreement.</p>
<p style="margin-bottom:12pt;text-align:justify;margin-top:0pt;text-indent:14.41%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Intercreditor Agreement provides that some or all of the ABL Obligations may be Refinanced without affecting the lien priorities provided for therein or the other provisions thereof and the Discharge of ABL Obligations shall not be deemed to have occurred if payments in respect of ABL Obligations are made with the proceeds of other ABL Obligations that constitute a Refinancing of such ABL Obligations.</p>
<p style="margin-bottom:12pt;text-align:justify;margin-top:0pt;text-indent:14.41%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="color:#000000;">Bank of America, N.A., in its capacity as administrative agent and as collateral agent (the &#8220;</font><font style="text-decoration:underline;color:#000000;">New ABL Collateral Agent</font><font style="color:#000000;">&#8221;), Ryerson Holdings Corporation, a Delaware corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Holdings</font><font style="color:#000000;">&#8221;), Joseph T. Ryerson &amp; Son, Inc., a Delaware corporation (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Lead Borrower</font><font style="color:#000000;">&#8221;), Sunbelt-Turret Steel, Inc., a Pennsylvania corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Sunbelt-Turret</font><font style="color:#000000;">&#8221;), Turret Steel Industries, Inc., a Pennsylvania corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Turret Steel</font><font style="color:#000000;">&#8221;), Imperial Trucking Company, LLC, a Pennsylvania limited liability company (&#8220;</font><font style="text-decoration:underline;color:#000000;">Imperial Trucking</font><font style="color:#000000;">&#8221;), Wilcox-Turret Cold Drawn, Inc., a Wisconsin corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Wilcox-Turret</font><font style="color:#000000;">&#8221;), Fay Industries, Inc., a Ohio corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Fay</font><font style="color:#000000;">&#8221;), Ryerson Procurement Corporation, a Delaware corporation (&#8220;</font><font style="text-decoration:underline;color:#000000;">Procurement</font><font style="color:#000000;">&#8221; and, together with the Lead Borrower, Sunbelt-Turret, Turret Steel, Imperial Trucking, Wilcox-Turret and Fay, the &#8220;</font><font style="text-decoration:underline;color:#000000;">U.S. Borrowers</font><font style="color:#000000;">&#8221;), Ryerson Canada, Inc., a Canadian corporation (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Canadian Borrower</font><font style="color:#000000;">&#8221; and, together with the U.S. Borrowers, the &#8220;</font><font style="text-decoration:underline;color:#000000;">Borrowers</font><font style="color:#000000;">&#8221;), the guarantors party thereto, the lenders party thereto, and the other agents party thereto have entered into that certain Credit Agreement dated as of July 24, 2015 (as it may be amended, restated, amended and restated, replaced, refinanced, supplemented or otherwise modified from time to time, the &#8220;</font><font style="text-decoration:underline;color:#000000;">2015 ABL Credit Agreement</font><font style="color:#000000;">&#8221;)</font>.</p>
<p style="margin-bottom:12pt;text-align:justify;margin-top:0pt;text-indent:14.41%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: n