EFTA Document EFTA01385454

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Ryerson Holding Corp. (RYI): Strengthening End Markets, Higher Metals Prices, Solid Current Yield: BUY On Dec 15, 2017 we initiated on Ryerson Holding Corp's MVO 11.0% senior secured notes due 20221112 price, 58% Y7VV, 408 OAS) with a Buy rating. We highlight selections from our initiation in the summary below. Executive Summary Initially founded more than 175 years ago, Ryerson Holding Corporation (RYI) is a l