---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-047709"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:33:50.018860+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Tempel Canada enters CAD $57.5M loan with BDC to build new manufacturing facility

## Summary
- Subsidiary Tempel Canada entered loan of up to CAD $57.5M from BDC for a new Burlington, Ontario facility.
- Construction draw loan; draw period ends March 21, 2026, unless extended; interest-only until July 2026.
- Interest at BDC Floating Base Rate minus 1.75% during construction; borrower option after construction.
- Matures June 1, 2051; Worthington guarantees 20% of loan on demand, releasable when balance ≤ CAD $40M.
- Secured by mortgage, rent assignment, and liens; Tempel Canada must meet debt/equity ≤1.0 and FCCR ≥1.15.

## SEC filing metadata
- accession: 0000950170-25-047709
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000095017025047709/0000950170-25-047709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000095017025047709/ws-20250325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-047709
- JSON: https://secwatch.observer/filing/0000950170-25-047709.json
- Plain text: https://secwatch.observer/filing/0000950170-25-047709.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.