{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-060198","form_type":"8-K","ticker":"WOR","cik":"0000108516","company_name":"WORTHINGTON ENTERPRISES, INC.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.172503+00:00","generated_at":"2026-06-08T13:20:57.494353+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Worthington amends note agreement; interest rates up 50 bps, covenants tightened","bullets":["LuxCo issued amended Series A Note of €36.7M at 2.06% (up from 1.56%); AustriaCo issued Series B Notes of €55M at 2.40% (up from 1.90%).","Minimum interest coverage ratio raised to 3.25x from 3.00x; max leverage ratio reduced to 55% from 60%.","Amendment permits previously announced spin-off of steel processing business via covenant exceptions.","Rating fee of 1.00% p.a. on outstanding notes if company loses investment grade within six months after amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-060198","json":"https://secwatch.observer/filing/0000950170-23-060198.json","markdown":"https://secwatch.observer/filing/0000950170-23-060198.md","text":"https://secwatch.observer/filing/0000950170-23-060198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108516/000095017023060198/0000950170-23-060198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108516/000095017023060198/wor-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T13:20:57.494353+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1f440e8fb3155ff16d1b3b86d2b3140361cd5ad2","claim":"WORTHINGTON ENTERPRISES, INC. amended Second Amendment with PGIM, Inc. and certain existing noteholders affiliated with Prudential valued at aggregate principal amount of €36,700,000 ... aggregate principal amount of €55,000,000 (effective 2023-11-01).","evidence_excerpt":"On November 1, 2023 (the “Effective Date”), Worthington Industries, Inc. (the “Company”) and its subsidiaries Worthington Industries International S.á.r.l. (“LuxCo”) and Worthington Cylinders GmbH (“AustriaCo”) entered into that certain Amendment No. 2 (the “Second Amendment”) to the Note Purchase and Private Shelf Agreement (the “Note Agreement”) with PGIM, Inc. (“Prudential”) and certain existing noteholders affiliated with Prudential named therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000095017023060198/0000950170-23-060198-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"PGIM, Inc. and certain existing noteholders affiliated with Prudential"},{"label":"Value","value":"aggregate principal amount of €36,700,000 ... aggregate principal amount of €55,000,000"},{"label":"Effective","value":"2023-11-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}