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  "documentTitle": "Tenth Annual Leveraged Finance and Credit Conference",
  "authorId": "GoldmanSachs",
  "authorName": "Goldman Sachs",
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  "notes": "The chart compares liquidity positions between two quarters, highlighting a decrease in Q1-20 due to debt repurchases.",
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      "kind": "callout",
      "text": "Liquidity decreased quarter-over-quarter in Q1 '20 due to our repurchase of $55M in Senior Secured Notes at an average discount to par of $98.5.",
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      "text": "Liquidity decreased quarter-over-quarter in Q1 '20 due to our repurchase of $55M in Senior Secured Notes at an average discount to par of $98.5. In addition, we drew on our credit facility in March consistent with Ryerson's Pandemic Response Plan.",
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      "kind": "title",
      "text": "Strong Liquidity to Fund Operations and Investments",
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