FRIEDMAN INDUSTRIES INC (FRD) Form 8-K — Sep 10, 2026
Friedman Industries entered into a Seventh Amendment to its Amended and Restated Credit Agreement on September 3, 2026, increasing aggregate commitments from $140 million to $200 million, with JPMorgan Chase Bank, N.A. serving as administrative agent and Century Metals & Supplies, LLC as co-borrower. The company stated the expansion was completed to align the credit facility size with growth in the underlying borrowing base, and the amendment also makes conforming changes to threshold amounts. No new debt was drawn as part of the amendment, and the full amendment text will be filed as an exhibit to the Form 10-Q for the quarter ending September 30, 2026.
Key figures
- Debt Amount
- $200 million (new aggregate credit facility commitments, increased from $140 million)
- Commitment Increase
- $60 million
- Commitment Increase Percent
- 43%
- Prior Aggregate Commitments
- $140 million
Price after filing
Close on the filing date to close N calendar days later (from $44.50). Historical, not a forecast.
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