Reliance, Inc. Announces New Term Loan Facility, Maintaining Strong Financial Flexibility

SCOTTSDALE, Ariz., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that effective August 14, 2025, it has entered into a $400 million unsecured term loan facility maturing August 2028 (the "Facility"). The proceeds of the Facility were used to refinance the Company's $400 million senior unsecured notes maturing August 15, 2025. The new Facility complements Reliance's existing capital structure, further optimizing its balance sheet while maintaining ample capacity to invest in high-return opportunities.

"We are very pleased with the terms achieved for this Facility which extend our debt maturities and further enhance our strong liquidity," said Karla Lewis, President and Chief Executive Officer of Reliance. "The refinancing enables us to continue to advance our opportunistic capital allocation strategies of organic growth, strategic acquisitions, and consistent returns to stockholders through quarterly dividends and opportunistic share repurchases. Our net debt-to-EBITDA ratio of 0.9x as of June 30, 2025 underscores our commitment ...