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Reliance, Inc. Amends and Restates $1.5 Billion Credit Facility

Sep 16, 2024

Contract Type

agreement

ScottsdaleManufacturingMiningPrecious MetalsMineral

Description

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.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.