Worthington Industries intends to price 15-year senior notes

By Devika Patel

Knoxville, Tenn., July 25 – Worthington Industries Inc. plans an offering of senior notes due 2032, according to a 424B5 filed with the Securities and Exchange Commission.

The notes have a make-whole call feature and then are callable at par.

The bookrunners are J.P. Morgan Securities LLC and BofA Merrill Lynch.

Proceeds will be used to repay borrowings under the company’s revolving credit facility and to repay debt under its revolving trade accounts receivable securitization facility.

The metal processing company is based in Columbus, Ohio.

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