An issue of TMS International Corp. (NYSE:TMS) bonds rose 1% as a percentage of their face value during trading on Friday. The debt issue has a 7.25% coupon and is set to mature on August 15, 2025. The debt is now trading at $101.50. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.
About TMS International Corp.
TMS International Corp. (TMS), formerly Metal Services Acquisition Corp., is a provider of outsourced industrial services to steel mills in North America. The Company provides a range of services through two segments: Mill Services Group and Raw Material and Optimization Group. The Mill Services Group segment includes scrap management and preparation; semi-finished and finished material handling; metal recovery and slag handling, processing and sales, and surface conditioning.
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