Willkie represented Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, in its successful merger with Olympic Steel, Inc. (formerly NASDAQ: ZEUS), a leading U.S. metals service center.

On February 13, Ryerson and Olympic Steel announced that they completed their merger, enhancing Ryerson’s presence as the second-largest North American metals service center. Ryerson is issuing 1.7105 shares of Ryerson common stock for every share of Olympic Steel common stock, after which former shareholders of Olympic Steel will hold approximately 37% of Ryerson.

In connection with the merger, Ryerson amended its existing revolving credit facility, including, to increase the aggregate commitments to $1.8 billion and to extend the maturity thereunder. The proceeds under the amended credit facility will be used, among other permitted uses, to repay in full Olympic Steel’s existing loans. As of February 24th, the company will trade on the New York Stock Exchange as Ryerson Holding Corporation under the ticker “RYZ”. The Willkie team was led by partners Cristopher Greer, Adam Turteltaub, Brian Hamilton and Thomas Sharkey and included partners Jason Pearl, Rose Ohanesian and Wesley Powell, counsel Adam Cohen and Agathe Richard, and associates Daniela Abadi and Loren Flath.