---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-100168"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:49:15.884856+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Reliance enters $1.5B unsecured revolving credit facility, drops interest coverage covenant

## Summary
- New five-year senior unsecured revolving facility of $1.5 billion, replacing 2020 credit agreement.
- Facility includes $150M letter of credit sublimit and $50M swing line sublimit.
- Initial pricing at SOFR + 1.00%, unused fee 0.10%; margin fluctuates with total net leverage ratio.
- Interest coverage ratio covenant removed; only maximum total net leverage ratio remains as financial covenant.
- As of September 10, 2024, approximately $82 million was outstanding under the facility.

## SEC filing metadata
- accession: 0001104659-24-100168
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000110465924100168/0001104659-24-100168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000110465924100168/tm2423965d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-100168
- JSON: https://secwatch.observer/filing/0001104659-24-100168.json
- Plain text: https://secwatch.observer/filing/0001104659-24-100168.txt

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