Worthington Industries, Inc. has amended its five-year, revolving credit facility, increasing the commitments under the facility by $75.0 million, to a total of $500.0 million. The final maturity of the credit facility was also extended by three years to April 2020. The revolving credit facility is with a consortium of banks led by J.P. Morgan Securities LLC and PNC Capital Markets LLC.

Borrowings under the amended credit facility bear interest based on a credit ratings grid and currently equals the applicable LIBOR rate plus 1.25%. The amended credit facility also contains an accordion feature that would allow it to expand by an additional $200 million from new and existing lenders on the same terms and conditions as the existing commitments. Following the amendment, the Company currently has $435.2 million in combined availability under the credit facility and the Company's accounts receivable securitization program.

Worthington Industries is a leading global diversified metals manufacturing company with 2014 fiscal year sales of $3.1 billion. Headquartered in Columbus, Ohio, Worthington is North America's premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets.