Reliance, Inc. Announces New Term Loan Facility, Maintaining Strong Financial Flexibility

Core Insights - Reliance, Inc. has entered into a $400 million unsecured term loan facility to refinance existing debt and optimize its capital structure [1][2] - The company aims to enhance liquidity and extend debt maturities while pursuing growth opportunities and shareholder returns [2] Financial Overview - The new loan facility matures in August 2028 and replaces $400 million in senior unsecured notes maturing August 15, 2025 [1] - Reliance's net debt-to-EBITDA ratio stands at 0.9x as of June 30, 2025, indicating a conservative leverage profile [2] Company Profile - Founded in 1939, Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America [3] - The company operates approximately 320 locations across 41 states and 10 countries, serving over 125,000 customers with a wide range of metal products [3] - In 2024, the average order size was $2,980, with about 50% of orders including value-added processing and 40% delivered within 24 hours [3]