Worthington Industries gets expanded $425 million five-year revolver

By Susanna Moon

Chicago, May 4 - Worthington Industries, Inc. said it closed a $425 million five-year revolving credit facility with a consortium of banks led by J.P. Morgan Securities LLC and PNC Bank.

The facility replaces the company's $400 million revolver set to mature in May 2013, according to a company press release.

Proceeds will be used to fund general corporate purposes, including working capital, capital expenditures, acquisitions, share repurchases and dividends.

Worthington is a Columbus, Ohio-based metals manufacturer.

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