Short answer
WORTHINGTON ENTERPRISES, INC. (WOR) filed an 8-K current report with the SEC on August 31, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $500 million unsecured revolving facility extended to August 31, 2031 from September 27, 2028, preserving long-term liquidity.
WORTHINGTON ENTERPRISES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $500 million unsecured revolving facility extended to August 31, 2031 from September 27, 2028, preserving long-term liquidity
- Up to $300 million of additional commitments or term loans available in $10 million increments, supporting acquisitions and capital expenditures
- No borrowings or letters of credit outstanding on August 31, 2026, indicating no immediate incremental leverage
- Interest margins range from 0.125% to 1.500%, determined by consolidated total leverage ratio
- Covenants require interest coverage of at least 3.25x and consolidated debt-to-capitalization no higher than 55%
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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