{"schema_version":"secwatch.filing_event.v1","accession":"0001968487-26-000018","form_type":"8-K","ticker":"WS","cik":"0001968487","company_name":"Worthington Steel, Inc.","filed_at":"2026-06-30T20:30:17+00:00","discovered_at":"2026-06-30T20:32:00.213435+00:00","generated_at":"2026-06-30T20:33:18.146880+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Worthington Steel enters $550M ABL facility to refinance prior credit and fund Klöckner acquisition","bullets":["New $550M asset-based revolving credit facility matures June 25, 2031; replaces $550M facility that would have matured Nov 30, 2028.","Facility includes uncommitted $200M accordion and committed increase up to $650M for Klöckner acquisition.","Proceeds used for Klöckner acquisition transactions, working capital, and general corporate purposes.","Borrowings bear interest at SOFR plus 1.25%-1.375% or base rate plus 0.25%-0.375%, depending on excess availability.","Requires minimum fixed charge coverage ratio of 1.00x when excess availability falls below thresholds."],"urls":{"canonical":"https://secwatch.observer/filing/0001968487-26-000018","json":"https://secwatch.observer/filing/0001968487-26-000018.json","markdown":"https://secwatch.observer/filing/0001968487-26-000018.md","text":"https://secwatch.observer/filing/0001968487-26-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1968487/000196848726000018/0001968487-26-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1968487/000196848726000018/ws-20260625.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T20:33:18.146880+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"}