Reliance, Inc. Announces New Term Loan Facility, Maintaining Strong Financial Flexibility
Reliance (NYSE:RS) has secured a new $400 million unsecured term loan facility maturing in August 2028. The facility refinances the company's existing $400 million senior unsecured notes that were due August 15, 2025.
The company maintains a strong financial position with a net debt-to-EBITDA ratio of 0.9x as of June 30, 2025. The new facility supports Reliance's capital allocation strategy, focusing on organic growth, strategic acquisitions, and shareholder returns through dividends and share repurchases.
Reliance (NYSE:RS) ha ottenuto una nuova linea di credito a termine non garantita da 400 milioni di dollari con scadenza ad agosto 2028. La nuova facilitazione rifinanzia i precedenti obbligazioni senior non garantite da 400 milioni di dollari in scadenza il 15 agosto 2025.
La societ脿 conserva una solida posizione finanziaria con un rapporto debito netto/EBITDA di 0,9x al 30 giugno 2025. Questo finanziamento supporta la strategia di allocazione del capitale di Reliance, orientata alla crescita organica, alle acquisizioni strategiche e alla restituzione di valore agli azionisti tramite dividendi e riacquisti di azioni.
Reliance (NYSE:RS) ha asegurado una nueva l铆nea de pr茅stamo a plazo no garantizada de 400 millones de d贸lares con vencimiento en agosto de 2028. La operaci贸n refinancia los bonos senior no garantizados de 400 millones de d贸lares que venc铆an el 15 de agosto de 2025.
La compa帽铆a mantiene una s贸lida posici贸n financiera con una ratio deuda neta/EBITDA de 0,9x a 30 de junio de 2025. La nueva facilidad respalda la estrategia de asignaci贸n de capital de Reliance, centrada en el crecimiento org谩nico, adquisiciones estrat茅gicas y la devoluci贸n de valor a los accionistas mediante dividendos y recompra de acciones.
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Reliance (NYSE:RS) a obtenu une nouvelle facilit茅 de cr茅dit 脿 terme non garantie de 400 millions de dollars arrivant 脿 茅ch茅ance en ao没t 2028. Cette facilit茅 refinance les billets senior non garantis de 400 millions de dollars de la soci茅t茅, 茅ch茅ant le 15 ao没t 2025.
La soci茅t茅 conserve une solide position financi猫re avec un ratio dette nette/EBITDA de 0,9x au 30 juin 2025. La nouvelle facilit茅 soutient la strat茅gie d'allocation du capital de Reliance, ax茅e sur la croissance organique, les acquisitions strat茅giques et la redistribution aux actionnaires via dividendes et rachats d'actions.
Reliance (NYSE:RS) hat eine neue ungesicherte Termkreditfazilit盲t 眉ber 400 Millionen US-Dollar mit F盲lligkeit im August 2028 abgeschlossen. Die Finanzierung refinanziert die bestehenden ungesicherten Senior Notes des Unternehmens in H枚he von 400 Millionen US-Dollar, die am 15. August 2025 f盲llig w盲ren.
Das Unternehmen verf眉gt 眉ber eine starke Finanzlage mit einem Netto-Verschuldungs-zu-EBITDA-Verh盲ltnis von 0,9x zum 30. Juni 2025. Die neue Fazilit盲t unterst眉tzt Reliances Kapitalallokationsstrategie mit Fokus auf organisches Wachstum, strategische Akquisitionen sowie Aussch眉ttungen an Aktion盲re durch Dividenden und Aktienr眉ckk盲ufe.
- Successful refinancing of $400M debt with same principal amount
- Strong financial health with low net debt-to-EBITDA ratio of 0.9x
- Extended debt maturity to August 2028, improving financial flexibility
- Maintained capacity for growth investments and shareholder returns
- New term loan facility may carry different interest terms than previous notes
SCOTTSDALE, Ariz., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that effective August 14, 2025, it has entered into a
鈥淲e are very pleased with the terms achieved for this Facility which extend our debt maturities and further enhance our strong liquidity,鈥� said Karla Lewis, President and Chief Executive Officer of Reliance. 鈥淭he refinancing enables us to continue to advance our opportunistic capital allocation strategies of organic growth, strategic acquisitions, and consistent returns to stockholders through quarterly dividends and opportunistic share repurchases. Our net debt-to-EBITDA ratio of 0.9x as of June 30, 2025 underscores our commitment to maintaining a conservative leverage profile while driving sustainable value creation through our balanced capital deployment strategy. We remain committed to capturing meaningful growth opportunities and delivering enduring operational success. We greatly appreciate the continued strong support from our banking partners who participated in this transaction."
About Reliance, Inc.
Founded in 1939, Reliance, Inc. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 320 locations in 41 states and 10 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and value-added processing services. In 2024, Reliance鈥檚 average order size was
Forward-Looking Statements
This press release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渂elieve,鈥� and similar words and may include, but are not limited to, discussions of Reliance鈥檚 liquidity, business strategies including execution of capital allocation priorities and stockholder returns, and expectations concerning the Company鈥檚 future results of operations and capital resources. Forward-looking statements involve known and unknown risks and uncertainties and are not guarantees of future performance. The expected benefits of the transaction may not materialize as expected. Actual outcomes and results may differ materially from these forward-looking statements as a result of various important factors, including, but not limited to, those disclosed in our most recent Form 10-K filed with the United States Securities and Exchange Commission and subsequent reports. These forward-looking statements are based on management's expectations and assumptions as of today鈥檚 date and Reliance disclaims any obligation to publicly update or revise any forward-looking statements.
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FAQ
What is the size and maturity of Reliance's (RS) new term loan facility?
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