Worthington to repay revolver debt via $200 million of 15-year notes

By Susanna Moon

Chicago, July 25 – Worthington Industries Inc. plans to repay borrowings under its revolving credit facility and to repay debt under its revolving trade accounts receivable securitization facility using proceeds of a new notes issue.

Worthington plans to price $200 million of senior notes due 2032, according to a company announcement.

Proceeds also will be used for working capital and for general corporate purposes, which may include the repayment of other debt.

The metal processing company is based in Columbus, Ohio.

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