Metallus Inc. has entered into a Fifth Amended and Restated Credit Agreement, effective June 30, 2026. The agreement establishes a $300 million asset-based revolving credit facility. This facility includes a $15 million sublimit for letters of credit and a $40 million sublimit for swingline loans. The company has the option to increase the facility by up to $200 million, subject to lender approval. An additional $30 million Incremental FILO Tranche may also be requested. Borrowing availability is based on eligible accounts receivable, inventory, and machinery/equipment valuations. Interest rates are based on either the Alternate Base Rate or Adjusted Term SOFR Rate, plus an applicable margin. A 0.25% commitment fee on the unused portion of the facility is applicable. As of June 30, 2026, $5.3 million was outstanding in letters of credit. Proceeds will fund working capital, capital expenditures, acquisitions, and general corporate purposes. The facility is guaranteed by domestic subsidiaries and secured by substantially all personal property of the company and guarantors. The credit facility matures on June 30, 2031. The agreement includes customary covenants limiting liens, investments, indebtedness, mergers, asset sales, and restricted payments. A minimum specified fixed charge coverage ratio is required on a springing basis if availability falls below certain levels. Customary events of default are included, with potential acceleration of debt upon default.