secwatch.observer — SEC 8-K summary
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Issuer:     Metallus Inc. (MTUS)
CIK:        0001598428
Form:       8-K
Filed at:   2022-10-05T23:59:59+00:00
Accession:  0000950170-22-019305
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TimkenSteel enters $400M asset-based revolving credit facility due 2027
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- $400M asset-based revolving credit facility, maturing Sept 30, 2027.
- Amends and restates prior Third Amended Credit Agreement from Oct 2019.
- Borrowing base on eligible AR, inventory, equipment; interest at ABR or SOFR plus margins.
- $15M LC sublimit, $40M swingline sublimit; can increase by $100M plus $30M FILO tranche.
- $5.4M in letters of credit outstanding as of Sept 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598428/000095017022019305/0000950170-22-019305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598428/000095017022019305/tmst-20220930.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer