FOR IMMEDIATE RELEASE APRIL 16, 2002

Contact:

Richard E. Leone
Manager - Investor Relations
330-544-7622

 

RTI INTERNATIONAL METALS

SIGNS NEW $100 MILLION REVOLVING CREDIT AGREEMENT

 

Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI), announced today that it has entered into a new unsecured credit agreement with a group of banks led by PNC Bank of Pittsburgh as agent. This arrangement replaces the existing facility and will provide RTI with $100 million of availability through May 2005. Other terms and conditions remain essentially the same as with the current agreement.

"This is a standby credit facility and the Company has no immediate plans to draw under it," noted Lawrence W. Jacobs, Vice President and Chief Financial Officer, commenting on the new financing.

RTI International Metals, headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products and extruded shapes, as well as engineered systems for energy-related markets and environmental engineering services. The Company’s products are used for aerospace, defense, industrial, and consumer applications.