---
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"
generated_at: "2026-06-30T20:33:18.146880+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel enters $550M ABL facility to refinance prior credit and fund Klöckner acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001968487-26-000018
- JSON: https://secwatch.observer/filing/0001968487-26-000018.json
- Plain text: https://secwatch.observer/filing/0001968487-26-000018.txt

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