• Worthington Steel launched an offering of USD 900 million senior secured notes due 2033 through its WS Escrow unit.
• Proceeds earmarked for the pending acquisition of Kloeckner, related minority shareholder payments, debt repayment, transaction costs, working capital.
• If the acquisition is not expected to close within three business days, proceeds will be held in escrow until release conditions are met.
• If the acquisition is not completed by March 12, 2027, the notes face special mandatory redemption at 100% of issue price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605260805BIZWIRE_USPR_____20260525_BW337345) on May 26, 2026, and is solely responsible for the information contained therein.