Olympic Steel Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

On April 17, 2025, Olympic Steel, Inc., an Ohio corporation (the “Company”), and certain of its wholly-owned domestic direct and indirect subsidiaries (collectively, with the Company, the “Borrowers”), entered into a Ninth Amendment to Third Amended and Restated Loan and Security Agreement (the “Ninth Amendment”), with the Lenders (as defined below) party thereto and Bank of America, N.A., as agent (in such capacity, the “Agent”), for the Lenders.

 

The Ninth Amendment amends the Third Amended and Restated Loan and Security Agreement, dated as of December 8, 2017, among the Borrowers party thereto, the financial institutions from time to time party thereto, as lenders (the “Lenders”), and the Agent.

 

The Ninth Amendment, among other things, extends the maturity date of the credit facility to April 17, 2030.

 

The above summary of the Ninth Amendment is qualified in its entirety by reference to the Ninth Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

 

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

 

 

 

 

 

 

 

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.