WS
Worthington Steel, Inc.
NYSE · Basic Materials · Steel · US
$33.33
−1.27%Sep 8, 2026, 21:26 UTC
Worthington Steel, Inc. signed a Domination and Profit and Loss Transfer Agreement with Kloeckner & Co SE, placing Kloeckner's management under Worthington Steel's control and obligating Kloeckner to transfer its annual net income to Worthington Steel, with outside shareholders entitled to compensation of EUR 0.67 per share.
Jun 30, 2026, 00:00 UTC
Worthington Steel, Inc. entered into a new asset-based revolving credit facility with an initial aggregate commitment of $550 million, which may be increased to finance the acquisition of Klöckner, with borrowings bearing interest at SOFR plus 1.250% to 1.375% or base rate plus 0.250% to 0.375%.
Jun 25, 2026, 00:00 UTC
Worthington Steel, Inc. reported financial results for Q4 and full fiscal year 2026, with Q4 net sales of $929.2 million and a net loss of $48.7 million attributable to controlling interest.
Jun 24, 2026, 16:55 UTC
Worthington Steel's board declared a quarterly dividend of $0.16 per common share.
Source:Jun 3, 2026, 10:22 UTC
Worthington Steel announced its intention to launch a delisting tender offer for Kloeckner & Co shares.
Source:Jun 3, 2026, 10:22 UTC
Worthington Steel completed its acquisition of Kloeckner & Co.
Jun 2, 2026, 00:00 UTC
Worthington Steel, Inc. entered into a $700 million Senior Secured Seven-Year Term Loan B Credit Facility, with proceeds to fund the Klöckner Acquisition, pay transaction costs and related hedging, and for general working capital.
Jun 2, 2026, 00:00 UTC
Worthington Steel, Inc. issued $700 million of 7.750% Senior Secured Notes due 2033, with proceeds to fund the Klöckner Acquisition, repay existing debt, pay transaction fees, and for general working capital.