Reliance, Inc. announced the amendment and restatement of a $1.5 billion five-year unsecured revolving credit facility, aimed towards general corporate purposes, growth, and stockholder return activities. The improved financial condition and upgraded credit ratings have enabled the company to secure more favorable pricing and fewer restrictive covenants. The amended and restated credit agreement strengthens the company's robust liquidity position and enhances its capacity to continue pursuing capital allocation priorities.
Company Information
Company
Reliance
Location
Scottsdale, Arizona, United States
About
Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Established in 1939, Reliance provides a wide range of value-added metals processing services and distributes over 100,000 metal products to more than 125,000 customers across various industries through a vast network of locations.
ScottsdaleManufacturingMiningPrecious MetalsMineral