---
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"
generated_at: "2026-05-17T12:41:23.479932+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-079220
- JSON: https://secwatch.observer/filing/0001104659-25-079220.json
- Plain text: https://secwatch.observer/filing/0001104659-25-079220.txt

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