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Reliance, Inc. Announces New Term Loan Facility, Maintaining Strong Financial Flexibility
Globenewswire· 2025-08-19 10:50
SCOTTSDALE, Ariz., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that effective August 14, 2025, it has entered into a $400 million unsecured term loan facility maturing August 2028 (the “Facility”). The proceeds of the Facility were used to refinance the Company’s $400 million senior unsecured notes maturing August 15, 2025. The new Facility complements Reliance’s existing capital structure, further optimizing its balance sheet while maintaining ample capacity to invest in hig ...