Worthington Steel Unit Plans $900 Senior Notes Offering

MT Newswires Live05-26

Worthington Steel (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033.

The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The funds will help cover the purchase price, shareholder loans, payments to minority Kloeckner shareholders, transaction-related fees and expenses, repayment of some existing debt, and general working capital purposes.

The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.

Price: 41.48, Change: +1.39, Percent Change: +3.47

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2638548269?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-26 22:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2638548269","market":"sg","top_or_hot":-1,"title":"Worthington Steel Unit Plans $900 Senior Notes Offering","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033.</p><p>The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The funds will help cover the purchase price, shareholder loans, payments to minority Kloeckner shareholders, transaction-related fees and expenses, repayment of some existing debt, and general working capital purposes.</p><p>The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.</p><p>Price: 41.48, Change: +1.39, Percent Change: +3.47</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Worthington Steel Unit Plans $900 Senior Notes Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorthington Steel Unit Plans $900 Senior Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-05-26 22:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033.</p><p>The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The funds will help cover the purchase price, shareholder loans, payments to minority Kloeckner shareholders, transaction-related fees and expenses, repayment of some existing debt, and general working capital purposes.</p><p>The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.</p><p>Price: 41.48, Change: +1.39, Percent Change: +3.47</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOR","symbol_name":"Worthington Industries Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2638548269","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638548269","pubTimestamp":1779805205,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Worthington Steel  said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033.The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The funds will help cover the purchase price, shareholder loans, payments to minority Kloeckner shareholders, transaction-related fees and expenses, repayment of some existing debt, and general working capital purposes.The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.Price: 41.48, Change: +1.39, Percent Change: +3.47","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WOR":"Worthington Industries Inc","BK4191":"家用电器","BK4535":"淡马锡持仓","BK4006":"钢铁","BK4161":"工业机械","WS":"WORTHINGTON STEEL INC","PICK":"iShares MSCI Global Metals & Mining Producers ETF"},"translate_title":"沃星顿钢铁公司计划发行900美元优先票据","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WS":1,"WOR":1.5,"PICK":1.5},"content_text":"Worthington Steel (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033.The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The funds will help cover the purchase price, shareholder loans, payments to minority Kloeckner shareholders, transaction-related fees and expenses, repayment of some existing debt, and general working capital purposes.The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.Price: 41.48, Change: +1.39, Percent Change: +3.47","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2638548269","isCrawlerRequest":true}