{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-079220","form_type":"8-K","ticker":"RS","cik":"0000861884","company_name":"RELIANCE, INC.","filed_at":"2025-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.512461+00:00","generated_at":"2026-05-17T12:41:23.479932+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Reliance enters $400M term loan to repay August 2025 senior notes","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-079220","json":"https://secwatch.observer/filing/0001104659-25-079220.json","markdown":"https://secwatch.observer/filing/0001104659-25-079220.md","text":"https://secwatch.observer/filing/0001104659-25-079220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/861884/000110465925079220/0001104659-25-079220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/861884/000110465925079220/tm2523573d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T12:41:23.479932+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}