Worthington Steel enters USD 550 million asset-based revolving credit facility with Wells Fargo-led lenders

Worthington Steel entered a $550 million asset-based revolving credit facility with Wells Fargo-led lenders on June 25, 2026. The facility, maturing in 2031, can be increased to $650 million and funds the Klöckner acquisition, working capital, and general corporate purposes. It replaces the prior agreement which terminated on the same date.

Worthington Steel entered a new asset-based revolving credit agreement on June 25, 2026 with lenders led by Wells Fargo as agent. * Facility size up to $550 million, with options to increase by up to $200 million uncommitted or to $650 million committed under specified conditions. * Proceeds earmarked for the Klöckner acquisition transactions, related fees and expenses, working capital, general corporate purposes, letters of credit. * Agreement replaces and refinances the prior revolving credit and security agreement; the former facility terminated on June 25, 2026. * Matures June 25, 2031; borrowings priced off base rate or term SOFR with margins that vary with excess availability. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001968487-26-000018), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

Worthington Steel entered a new asset-based revolving credit agreement on June 25, 2026 with lenders led by Wells Fargo as agent. * Facility size up to $550 million, with options to increase by up to $200 million uncommitted or to $650 million committed under specified conditions. * Proceeds earmarked for the Klöckner acquisition transactions, related fees and expenses, working capital, general corporate purposes, letters of credit. * Agreement replaces and refinances the prior revolving credit and security agreement; the former facility terminated on June 25, 2026. * Matures June 25, 2031; borrowings priced off base rate or term SOFR with margins that vary with excess availability. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001968487-26-000018), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here