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Financing ·

Worthington Steel raises $1.4B in debt to fund €11-per-share acquisition of Klöckner & Co SE

WSWorthington Steel, Inc.

Worthington Steel, Inc. completed financings to support its acquisition of Klöckner & Co SE, which is being conducted through a cash takeover offer of €11.00 per share. The company issued $700,000,000 in 7.750% Senior Secured Notes due 2033 and entered into a $700,000,000 seven-year senior secured term loan B credit facility.

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