Reliance Enters Into $400 Million Loan Facility to Refinance Debt

Key Takeaways Reliance obtained a $400M unsecured term loan maturing in August 2028 to refinance debt.The company's 0.9x net debt-to-EBITDA highlights its conservative leverage profile.RS aims to fund organic growth, acquisitions, dividends and buybacks with added flexibility.Reliance, Inc.(RS) announced that it has secured a $400 million unsecured term loan facility effective Aug. 14, 2025, maturing in August 2028. The proceeds were used to refinance the company’s $400 million senior unsecured notes that w ...