Cases & Deals

Olympic Steel acquires Chicago Tube and Iron for $156 million

Clients 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.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.