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Worthington Industries announces new USD 425 million credit facility
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Monday, 07 May 2012
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Worthington Industries Inc announced that is has executed a new USD 425 million five year revolving credit facility. The new revolving credit facility was syndicated with a consortium of banks led by JP Morgan Securities LLC and PNC Bank.

The new facility replaces the company's existing USD 400 million revolving credit facility which was set to mature in May 2013 and provides for facility commitments to May 2017. The facility may be used to fund general corporate purposes including working capital, capital expenditures, acquisitions, share repurchases and dividends.

Source - Worthington Industries

(www.steelguru.com)

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