FRIEDMAN INDUSTRIES INC amended credit facility of $140 million with JPMorgan Chase Bank, N.A..
“increase the aggregate commitments under the A&R Credit Agreement from $125 million to $140 million”
FRIEDMAN INDUSTRIES INC — fact timeline
Source-grounded facts extracted from FRIEDMAN INDUSTRIES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
FRIEDMAN INDUSTRIES INC amended credit facility of reduce the aggregate commitments under the A&R Credit Agreement from $150 million to $125 million with JPMorgan Chase Bank, N.A., as administrative agent at prime rate plus a margin of -1.45% or adjusted Term SOFR plus a margin of 1.55% maturing August 29, 2030.
“Harris Bank N.A. is replaced as a lender under the A&R Credit Agreement with Wells Fargo Bank, N.A., (iii) reduce the aggregate commitments under the A&R Credit Agreement from $150 million to $125 million, (iv) provide for revolving borrowings either at prime rate plus a margin of -1.45% or adjusted Term SOFR plus a margin of 1.55%, (v) extend the maturity date to”
FRIEDMAN INDUSTRIES INC incurred senior notes of $3.5 million with Sellers of Century Metals & Supplies, Inc. maturing five-year maturity date.
“a note issued by the Company with a principal amount of $3.5 million with a five-year maturity date”
FRIEDMAN INDUSTRIES INC completed an acquisition involving Century Metals & Supplies, Inc. for approximately $45.25 million in cash (closed 2025-08-29).
“Under the terms of the agreement, the Company acquired the assets for approximately $45.25 million in cash at closing, along with a note issued by the Company with a principal amount of $3.5 million with a five-year maturity date.”
FRIEDMAN INDUSTRIES INC engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm”
Moss Adams LLP resigned as auditor of FRIEDMAN INDUSTRIES INC.
“(the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.”
Michael Hanson was appointed as Director at FRIEDMAN INDUSTRIES INC.
“appointed Michael Hanson as a director of the Company to fill such newly created vacancy on March 19, 2025, effective immediately”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.