Reliance enters $400M term loan to repay August 2025 senior notes

RELIANCE, INC.

$400M term loan fully drawn at closing, matures August 14, 2028.
Proceeds used to repay $400M of senior unsecured notes due August 15, 2025.
Loan is unsecured with no subsidiary guarantees; initial interest at SOFR + 0.75%.
Leverage-based pricing grid: SOFR + 0.75% to 1.25% depending on Total Net Leverage Ratio.
Covenants include a maximum Total Net Leverage Ratio financial maintenance covenant.

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