---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-237932"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2026-05-26T12:12:38+00:00"
generated_at: "2026-05-26T12:16:00.719884+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel launches $900M notes offering for Klöckner acquisition; regulatory clearance pending

## Summary
- WS Escrow LLC offers $900M aggregate principal of senior secured notes due 2033 to fund pending Klöckner acquisition.
- Net proceeds together with term loan borrowings will fund consideration, shareholder loans, repay debt, and transaction costs.
- Acquisition tender offer closed April 14, 2026; regulatory conditions remain and must be satisfied by March 12, 2027.
- Notes offering not conditioned on acquisition; if not consummated by March 12, 2027, special mandatory redemption at 100%.
- Klöckner audited FY2025 and interim Q1 2026 financials and Worthington pro forma combined statements included as exhibits.

## SEC filing metadata
- accession: 0001193125-26-237932
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2026-05-26T12:12:38+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000119312526237932/0001193125-26-237932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000119312526237932/d61542d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-237932
- JSON: https://secwatch.observer/filing/0001193125-26-237932.json
- Plain text: https://secwatch.observer/filing/0001193125-26-237932.txt

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