FRIEDMAN INDUSTRIES increased aggregate commitments under its Amended and Restated Credit Agreement to $200 million from $140 million. The company says the expansion aligns its credit Facility with growth in the underlying borrowing base, while related threshold amounts were adjusted under the amendment.

Key Highlights

  • Aggregate commitments previously stood at $140 million under the credit agreement.
  • The amendment makes conforming changes to threshold amounts.
  • Alex LaRue signed for FRIEDMAN INDUSTRIES on September 10, 2026, as chief financial officer, secretary and treasurer.

FRIEDMAN INDUSTRIES INC (NASDAQ: FRD) now has aggregate commitments of $200 million under its Amended and Restated Credit Agreement.

Credit Agreement Commitments Raised The

amended arrangement relates to the Amended and Restated Credit Agreement dated May 19, 2021. Its aggregate commitments were increased from $140 million to $200 million, while related threshold amounts were changed on a conforming basis. The agreement is referred to as the A&R Credit Agreement. Alex LaRue signed on behalf of the company on September 10, 2026. The earlier commitment level was $140 million, compared with $200 million under the amended agreement. That change aligns the credit facility with growth in the Company's underlying borrowing base. The amendment also carries related threshold adjustments described as conforming changes.