Reliance, Inc. Enters Material Definitive Agreement
Ticker: RS · Form: 8-K · Filed: Sep 16, 2024 · CIK: 861884
| Field | Detail |
|---|---|
| Company | Reliance, Inc. (RS) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $1.5 b, $150 million, $50 million, $82 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Reliance Inc. just signed a big deal, expect financial moves.
AI Summary
Reliance, Inc. entered into a material definitive agreement on September 10, 2024. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Reliance, Inc., which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.
Key Players & Entities
- Reliance, Inc. (company) — Registrant
- September 10, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Reliance, Inc. enter into?
The filing states that Reliance, Inc. entered into a material definitive agreement that involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 10, 2024.
What is the Commission File Number for Reliance, Inc.?
The Commission File Number for Reliance, Inc. is 001-13122.
What is the IRS Employer Identification Number for Reliance, Inc.?
The IRS Employer Identification Number for Reliance, Inc. is 95-1142616.
What are the business address and phone number for Reliance, Inc.?
The business address for Reliance, Inc. is 16100 N. 71st Street, Suite 400, Scottsdale, AZ 85254, and the business phone number is 213-687-7700.
Filing Stats: 1,067 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-09-16 16:01:11
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value RS New York Stock Exchang
- $1.5 b — edit facility in an aggregate amount of $1.5 billion, which includes a $150 million le
- $150 million — mount of $1.5 billion, which includes a $150 million letter of credit sublimit and a $50 mil
- $50 million — million letter of credit sublimit and a $50 million swing line loan sublimit. As of Septemb
- $82 million — 10, 2024, the Company had approximately $82 million of borrowings outstanding under the Cre
Filing Documents
- tm2423965d1_8k.htm (8-K) — 35KB
- tm2423965d1_ex10-1.htm (EX-10.1) — 1170KB
- tm2423965d1_ex10-1img002.jpg (GRAPHIC) — 12KB
- 0001104659-24-100168.txt ( ) — 1609KB
- rs-20240910.xsd (EX-101.SCH) — 3KB
- rs-20240910_lab.xml (EX-101.LAB) — 33KB
- rs-20240910_pre.xml (EX-101.PRE) — 22KB
- tm2423965d1_8k_htm.xml (XML) — 4KB
01 Financial
Item 9.01 Financial (d) Exhibits Exhibit No. Description 10.1 Second Amended and Restated Credit Agreement dated as of September 10, 2024, among Reliance, Inc., as Borrower, Bank of America N.A., as the Administrative Agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, PNC Bank, National Association and Toronto-Dominion Bank, New York Branch, as Co-Documentation Agents, and the other lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RELIANCE, INC. Dated: September 16, 2024 By: /s/ William A. Smith II William A. Smith II Senior Vice President, General Counsel and Corporate Secretary 4