Radius posts preliminary Q3 net loss of $16M; merger with Toyota Tsusho approved, close expected H2 2025

RADIUS RECYCLING, INC.

Preliminary Q3 FY2025 net loss ~$16M; adjusted EBITDA ~$22M, improvements both sequentially and YoY.
Shareholders approved merger with Toyota Tsusho America (TAI) on June 5, 2025; closing conditions remain.
Credit agreement amended: revolver reduced from $800M to $625M; EBITDA addbacks increased; covenant testing suspended.
No Q3 earnings call will be held due to pending merger.
Monthly financial reporting and 13-week cash flow forecasts required under amended credit agreement.

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