secwatch.observer — SEC 8-K summary
======================================

Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0000950170-23-050472
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Industries amends $500M credit facility, extends maturity to 2028
-----------------------------------------------------------------------------

- Amended and restated existing $500M revolving credit facility; maturity extended from Aug 2026 to Sep 2028.
- No borrowings outstanding on Effective Date; proceeds for working capital, capex, acquisitions, and planned separation.
- Planned separation into Worthington Enterprises and Worthington Steel is permitted under new credit agreement; regulatory approvals pending.
- Departing lenders include Wells Fargo and BMO Harris; new lenders include JPMorgan, Bank of America, and others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017023050472/0000950170-23-050472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017023050472/wor-20230927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050472

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