Friedman Industries Increases Credit Facility to $200M

What Happened

• Friedman Industries, Inc. (FRD) announced on Sept. 3, 2026 that it entered into a Seventh Amendment to its Amended and Restated Credit Agreement (originally dated May 19, 2021) with its lenders and JPMorgan Chase Bank, N.A. as administrative agent.
• The Amendment raises the aggregate commitments under the credit facility from $140 million to $200 million and makes conforming changes to certain threshold amounts. The expansion was done to align the facility size with growth in the company’s underlying borrowing base.

Key Details

• Date of Amendment: September 3, 2026.
• New facility size: $200 million (previously $140 million).
• Parties: Friedman Industries and Century Metals & Supplies, LLC as borrowers; lenders party to the agreement; JPMorgan Chase Bank, N.A., as administrative agent.
• Full text of the Amendment will be filed as an exhibit to Friedman’s Form 10-Q for the quarter ending Sept. 30, 2026.

Why It Matters

• Increasing the credit commitments gives Friedman greater borrowing capacity and financial flexibility to support operations, working capital, and growth tied to its borrowing base.
• For investors, a larger committed facility can reduce short‑term liquidity risk and support execution of the company’s business plan, but it does not change existing financial results — the specific loan terms and any usage will be disclosed in the upcoming 10‑Q exhibit.