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Metallus Inc. Secures $300 Million Revolving Credit Facility

PUBLIC · MTUSJun 30, 202628 days ago

Amount Raised

$300 Million

Round Type

Debt Financing

CantonManufacturing

Investors

Jp Morgan Chase Bank, N.A.

Description

On June 30, 2026, Metallus Inc. entered into a significant financial agreement. The company secured a Fifth Amended and Restated Credit Agreement, providing a $300 million asset-based revolving credit facility. This facility includes sublimits for letters of credit and swingline loans, enhancing the company's financial flexibility.

Company Information

Company

Metallus

Location

Canton, Ohio, United States

About

Metallus (NYSE: MTUS) manufactures high-performance specialty metals from recycled scrap metal in Canton, OH, serving demanding applications in industrial, automotive, aerospace & defense and energy end markets. The company is a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and manufactured components. In the business of making high-quality steel for more than 100 years, Metallus' proven expertise contributes to the performance of our customers' products. The company employs approximately 1,880 people and had sales of $1.1 billion in 2024.

Predictive Intelligence
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ML-powered predictions for Metallus's next move

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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