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Deloitte Advises Hamilton Metals, Inc. in its Refinancing and Restructuring

With the help of Deloitte Corporate Finance LLC ("DCF") and Deloitte Transactions and Business Analytics LLP's ("DTBA") Corporate Restructuring Group ("Deloitte CRG" and, together with DCF, "Deloitte"), Hamilton Metals, Inc. ("Hamilton Metals") recently restructured its business operations and refinanced $50 million of its existing debt. DCF acted as the financial advisor to Hamilton Metals in connection with the execution of the new credit facilities, and Deloitte CRG provided the organization with financial advisory and restructuring services.

Deloitte CRG was initially engaged to assist Hamilton Metals in performing an analysis of its operational and financial performance. Subsequently, Hamilton Metals also engaged DCF to assist management in identifying and raising additional sources of capital.

DCF approached a variety of senior and subordinated lending sources and received multiple term sheets from various capital providers within weeks of commencing the process. Hamilton Metals was successful in completing its restructuring plan and raising additional capital.

"With the help of Deloitte we were able to successfully refinance our existing debt and restructure our business operations. Additionally, DCF's experience and relationships with different funding sources was fundamental in positioning Hamilton Metals to several senior lenders and helping to ensure an expedited process under the current capital constraints," said Jim Millman, chief executive officer and founder, Hamilton Metals.

"Improved operations, new credit facilities, and additional liquidity are expected to assist Hamilton Metals to rebound quickly. Capitalizing on year-over-year revenue growth should help improve Hamilton Metals' marketplace competitiveness as 2014 begins," said Paul Warley, managing director, DCF.

Scott Pinsonnault, Deloitte CRG director, DTBA, added, "Hamilton Metals engaged Deloitte CRG at a critical time to assist management in restructuring its balance sheet to provide more operational flexibility. With its reorganization now complete, Hamilton Metals can continue to grow domestic and foreign operations serving its blue chip customer base".

About Hamilton Metals, Inc.

Hamilton Metals, Inc. ("Hamilton Metals" or the "Company") based in Houston, Texas is a leading stocking distributor of Mechanical Tubing, OCTG Tubing, Casing and Coupling Stock and Semi-Finished products for the Oil and Gas industry. Through its international distribution centers in Asia, Europe, Canada, and Mexico, Hamilton Metals is focused on having a comprehensive offering of corrosion resistant alloy ("CRA") inventory to provide its customers with the highest quality of products delivered exactly when and where it is needed.

About Deloitte Corporate Finance LLC

Deloitte Corporate Finance LLC, a FINRA-registered broker-dealer, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Deloitte Corporate Finance LLC provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance has access to the resources of the Corporate Finance Advisory practices of the member firms (and their affiliates) within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance, these practices include in excess of 1,600 professionals, working collaboratively across 150 international locations. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

About Deloitte CRG

Deloitte CRG is a leading provider of financial and operational restructuring services, turnaround and performance management, fiduciary services and bankruptcy administrative services to underperforming companies and their advisors, lenders, investors, courts and other stakeholders. Deloitte CRG specializes in helping both large multi-national organizations and mid-market companies overcome challenges – from enhancing the performance of healthy companies to complex bankruptcy reorganizations. Deloitte CRG's talent, global reach, and commitment to driving results set us apart and enable us to help create value in the most challenging and complex restructuring matters. Deloitte CRG is comprised of the restructuring professionals of Deloitte Financial Advisory Services LLP and its affiliate Deloitte Transactions and Business Analytics LLP. For more information, visit www.deloitte.com/us/crg.

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

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