FORT LAUDERDALE, Fla., Aug. 15, 2011 /PRNewswire/ -- Metals USA Holdings Corp. (NYSE: MUSA ) announced today that its wholly-owned subsidiaries, Flag Intermediate Holdings Corporation, Metals USA, Inc. and certain additional subsidiaries have amended their existing $525 million asset-based credit facility (the "ABL Facility"). Key elements of the amendment include extending the ABL Facility maturity date to August 10, 2016, lowering the effective cost to borrow by approximately 50 basis points, and modifying certain covenants. The amendment became effective August 10, 2011. Lourenco Goncalves, Metals USA's Chairman, President and C.E.O. stated: "We greatly appreciate the support our lenders have demonstrated to our business and to our growth strategy. We are pleased our amendment was well received by our lender group and we are proud of the fact that their commitments exceeded our intended facility size.