Friedman Industries lifts credit line to $200M

FRIEDMAN INDUSTRIES INC expanded its revolving credit facility commitments to $200 million to better match a larger borrowing base.

Rhea-AI Filing Summary

FRIEDMAN INDUSTRIES INC (FRD) entered into a Seventh Amendment to its Amended and Restated Credit Agreement on September 3, 2026. The amendment increases the aggregate commitments under the revolving credit facility from $140 million to $200 million with lenders led by JPMorgan Chase Bank, N.A. as administrative agent. The company states that this expansion was completed to align the credit facility size with growth in the underlying borrowing base, and the amendment also makes certain conforming changes to threshold amounts.

Filing Explained

The amendment increases credit commitments to $200 million, while this filing reports no borrowing or proceeds received.

The company entered an executed credit-agreement amendment on September 3, 2026, raising aggregate commitments from $140 million to $200 million; the filing records expanded committed capacity, not a reported borrowing.

As a Form 8-K, the report discloses a specified material event, and it identifies the amendment under Items 1.01 and 2.03 as both a material agreement and a direct financial-obligation disclosure. The stated $200 million is the commitment level, not an amount the filing says was drawn or received.

The company says the amendment’s full text will be filed as an exhibit to its Form 10-Q for the quarter ending September 30, 2026.

8-K Event Classification

2 items: 1.01, 2.03

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Key Figures

Aggregate commitments after amendment: $200 million Aggregate commitments before amendment: $140 million Increase in credit facility commitments: $60 million

3 metrics

Aggregate commitments after amendment $200 million Total commitments under the Amended and Restated Credit Agreement following the Seventh Amendment

Aggregate commitments before amendment $140 million Prior total commitments under the Amended and Restated Credit Agreement before the Seventh Amendment

Increase in credit facility commitments $60 million Difference between new $200 million and prior $140 million aggregate commitments

Key Terms

Amended and Restated Credit Agreement, aggregate commitments, borrowing base, administrative agent

4 terms

Amended and Restated Credit Agreement financial

"The Amendment amends that certain Amended and Restated Credit Agreement dated as of May 19, 2021"

An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.

aggregate commitments financial

"increase the aggregate commitments under the A&R Credit Agreement from $140 million to $200 million"

borrowing base financial

"align the Company's credit facility size with growth in the underlying borrowing base"

A borrowing base is the amount a lender will allow a company to borrow based on the value of assets the company offers as security, typically things like accounts receivable and inventory. It matters to investors because it sets a practical ceiling on short-term financing and influences a company’s liquidity and risk: if the borrowing base falls, the company may lose access to cash or be forced to sell assets, which can affect operations and share value.

administrative agent financial

"JPMorgan Chase Bank, N.A., as administrative agent"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What credit facility change did FRD announce on September 3, 2026?

FRIEDMAN INDUSTRIES INC entered into a Seventh Amendment to its Amended and Restated Credit Agreement, increasing the aggregate commitments under its revolving credit facility from $140 million to $200 million and making related conforming changes to certain threshold amounts.

How much total borrowing capacity does FRD’s amended credit facility provide?

After the amendment, FRIEDMAN INDUSTRIES INC’s Amended and Restated Credit Agreement provides $200 million in aggregate commitments under the credit facility, up from a prior commitment level of $140 million.

Why did FRD increase its credit facility commitments to $200 million?

The company states that increasing the credit facility’s aggregate commitments to $200 million was done to align the size of the credit facility with growth in the underlying borrowing base supporting the facility.

Who is the administrative agent for FRD’s amended credit facility?

JPMorgan Chase Bank, N.A. serves as the administrative agent under FRIEDMAN INDUSTRIES INC’s Amended and Restated Credit Agreement, including the Seventh Amendment that increased commitments to $200 million.

Which FRD entities are borrowers under the amended credit agreement?

Borrowers under the amended credit agreement are FRIEDMAN INDUSTRIES, INCORPORATED and Century Metals & Supplies, LLC, together with the lenders party to the agreement and JPMorgan Chase Bank, N.A. as administrative agent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 04:07 PM Accepted by SEC EDGAR 09/10/2026 - 04:07 PM Learn about SEC filing dates

false 0000039092 0000039092 2026-09-03 2026-09-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 3, 2026

FRIEDMAN INDUSTRIES, INCORPORATED

(Exact name of registrant as specified in its charter)

Texas	1-07521	74-1504405
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1121 Judson Road Suite 124, Longview, Texas 75601

(Address of principal executive offices, including zip code)

(903) 758-3431

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1 Par Value	FRD	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

Credit Facility Amendment

On September 3, 2026, the Company entered into a Seventh Amendment (the “Amendment”) to that certain Amended and Restated Credit Agreement by and among the Company, as a borrower, Century Metals & Supplies, LLC, a Texas limited liability company, as a borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Amendment amends that certain Amended and Restated Credit Agreement dated as of May 19, 2021 (as amended to date, “A&R Credit Agreement”) to, among other things, increase the aggregate commitments under the A&R Credit Agreement from $140 million to $200 million and make certain conforming changes to threshold amounts. This expansion was completed to align the Company's credit facility size with growth in the underlying borrowing base.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2026 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information provided in Item 1.01 of this Current Report on Form 8-K under the heading “Credit Facility Amendment” is incorporated by reference into this Item 2.03.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FRIEDMAN INDUSTRIES, INCORPORATED

Date: September 10, 2026

By:  /s/ Alex LaRue        

Alex LaRue

Chief Financial Officer, Secretary and Treasurer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB