Brief: Worthington Industries Entered Into A Receivables Financing Agreement

Worthington Enterprises

19/05/2022 22:42

May 19 (Reuters) - Worthington Industries Inc  WOR.N :
    * WORTHINGTON INDUSTRIES INC - ENTERED INTO A RECEIVABLES
FINANCING AGREEMENT, DATED AS OF MAY 19, 2022
    * WORTHINGTON - REVOLVING FACILITY OF UP TO $175.0 MILLION
WILL BE
MADE AVAILABLE TO WORTHINGTON RECEIVABLES BY LENDERS
    * WORTHINGTON INDUSTRIES - RECEIVABLES FINANCING AGREEMENT
IS
SCHEDULED TO TERMINATE ON MAY 17, 2024, UNLESS EARLIER
TERMINATED
    * WORTHINGTON - TWO BORROWING OPTIONS WILL BE AVAILABLE TO
WORTHINGTON RECEIVABLES UNDER RECEIVABLES FINANCING AGREEMENT:
TERM SOFR & DAILY SIMPLE SOFR


Further company coverage:  WOR.N 

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