Platinum Equity Amends Ryerson Holding Corp. Stake on Dec 31, 2023

TL;DR

**Platinum Equity updated its Ryerson stake, signaling a potential shift in institutional ownership.**

AI Summary

Platinum Equity, LLC, a major investment firm led by Tom Gores, filed an amended Schedule 13G/A on February 12, 2024, for its holdings in Ryerson Holding Corp. This amendment, dated December 31, 2023, indicates a change in their beneficial ownership, which is important for investors as it signals a potential shift in a significant institutional investor's stake, possibly impacting stock liquidity or future strategic decisions for Ryerson.

Why It Matters

This filing shows an update to a major investor's position, which can influence market perception and potentially signal future actions like further buying or selling, affecting Ryerson's stock price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large investor, not indicating any immediate negative or positive financial risk.

Analyst Insight

Investors should note this update as a routine disclosure of an institutional investor's position. While not immediately actionable, it's prudent to monitor subsequent filings for any significant changes in ownership percentage that could signal a shift in Platinum Equity's long-term strategy for Ryerson.

Key Numbers

• 0001481582 — Ryerson Holding Corp's CIK (identifies the subject company)
• 0001228754 — Platinum Equity, LLC's CIK (identifies the filing entity)
• 783754104 — CUSIP Number (identifies Ryerson Holding Corp's Common Stock)
• December 31, 2023 — Date of Event (the date for which the ownership information is reported)
• February 12, 2024 — Filing Date (the date the amendment was filed with the SEC)

Key Players & Entities

• Platinum Equity, LLC (company) — filing this SC 13G/A amendment
• Ryerson Holding Corp (company) — the subject company whose shares are being reported
• Tom Gores (person) — listed as a group member associated with Platinum Equity
• PLATINUM EQUITY INVESTCO, L.P. (company) — group member associated with Platinum Equity
• PLATINUM EQUITY INVESTMENT HOLDINGS IC (CAYMAN), LLC (company) — group member associated with Platinum Equity
• PLATINUM EQUITY INVESTMENT HOLDINGS II, LLC (company) — group member associated with Platinum Equity
• PLATINUM EQUITY INVESTMENT HOLDINGS, LLC (company) — group member associated with Platinum Equity
• PLATINUM EQUITY PARTNERS II, LLC (company) — group member associated with Platinum Equity
• RYPS, LLC (company) — group member associated with Platinum Equity

Forward-Looking Statements

• Platinum Equity will maintain a significant, but potentially adjusted, stake in Ryerson Holding Corp. (Platinum Equity, LLC) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• tm245863d1_sc13ga.htm (SC 13G/A) — 138KB
• 0001104659-24-014984.txt ( ) — 140KB

(a)

ITEM 2. (a) Name of Person Filing: Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of: Platinum Equity, LLC Platinum Equity Investment Holdings, LLC Platinum Equity Investment Holdings IC (Cayman), LLC Platinum Equity InvestCo, L.P. Platinum Equity Investment Holdings II, LLC Platinum Equity Partners II, LLC RYPS, LLC Tom Gores (b) Address or Principal Business Office: The principal business address of each of the Reporting Persons is 360 North Crescent Drive, Beverly Hills, CA 90210. (c) Citizenship of each Reporting Person is: Platinum Equity InvestCo, L.P. is organized under the laws of the Cayman Islands. Tom Gores is a citizen of the United States. Each of the remaining Reporting Persons is organized under the laws of the State of Delaware. (d) Title of Class of Securities: Common Stock, par value $0.01 per share (“Common Stock”). CUSIP No. 783754104 Schedule 13G Page 11 of 16 (e) CUSIP Number: 783754104 ITEM 3. Not applicable. CUSIP No. 783754104 Schedule 13G Page 12 of 16

Ownership

ITEM 4. Ownership. (a-c) The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 31, 2023, based upon 34,171,334 shares of Common Stock outstanding as of October 26, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 30, 2023. Reporting Person Amount beneficially owned Percent of class: Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Platinum Equity, LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Platinum Equity Investment Holdings, LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Platinum Equity Investment Holdings IC (Cayman), LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Platinum Equity InvestCo, L.P. 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Platinum Equity Investment Holdings II, LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Platinum Equity Partners II, LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 RYPS, LLC 3,924,478 11.5 % 0 3,924,478 0 3,924,478 Tom Gores 3,924,478 11.5 % 0 3,924,478 0 3,924,478 RYPS, LLC is the record holder of the securities reported herein. Tom Gores is the manager of Platinum Equity, LLC, which is the sole member of Platinum Equity Investment Holdings, LLC, which is the sole member of Platinum Equity Investment Holdings IC (Cayman), LLC which is the general partner of Platinum Equity InvestCo, L.P., which is the sole member of Platinum Equity Investment Holdings II, LLC, which is the senior managing member of Platinum Equity Partners II, LLC, which is the general partner of members controlling a majority of the membership interest of RYPS, LLC. By virtue of these relationships, each of these ent

Ownership of Five Percent or Less of a Class

ITEM 5. Ownership of Five Percent or Less of a Class. Not applicable. CUSIP No. 783754104 Schedule 13G Page 13 of 16

Ownership of More than Five Percent on Behalf of Another Person

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

ITEM 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

ITEM 9. Notice of Dissolution of Group. Not applicable.

Certification

ITEM 10. Certification. Not applicable. CUSIP No. 783754104 Schedule 13G Page 14 of 16 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : February 12, 2024 Platinum Equity, LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: Executive Vice President, Chief Financial Officer and Treasurer Platinum Equity Investment Holdings, LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: Secretary Platinum Equity Investment Holdings IC (Cayman), LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: President Platinum Equity InvestCo, L.P. By: Platinum Equity Investment Holdings IC (Cayman), LLC, its general partner By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: President Platinum Equity Investment Holdings II, LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: Secretary Platinum Equity Partners II, LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: Secretary CUSIP No. 783754104 Schedule 13G Page 15 of 16 RYPS, LLC By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: President Tom Gores By: /s/ Mary Ann Sigler Name: Mary Ann Sigler Title: Attorney-in-Fact CUSIP No. 783754104 Schedule 13G Page 16 of 16 LIST OF EXHIBITS Exhibit No. Description 24 Power of Attorney (previously filed). 99 Joint Filing Agreement (previously filed).

View Full Filing

View this SC 13G/A filing on SEC EDGAR