{"filing":{"accession_number":"0001193125-26-237932","cik":"0001968487","ticker":"WS","company_name":"Worthington Steel, Inc.","form":"8-K","filing_date":"2026-05-26","report_date":null,"primary_document":"d61542d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526237932/d61542d8k.htm"},"events":[{"id":9011,"run_id":7909,"accession_number":"0001193125-26-237932","anchor_item_number":"7.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.45,"summary":"The filing discloses a $900 million private offering of senior secured notes by a subsidiary, with proceeds intended to fund the Klöckner Acquisition and refinance existing debt. While the notes are debt rather than equity, the offering is material and raises capital for a major acquisition. However, this is primarily a debt financing announcement in connection with M\u0026A activity, which may be better classified as ma_activity given the central role of the Klöckner Acquisition in the disclosure.","company_name":"Worthington Steel, Inc.","ticker":"WS","filing_date":"2026-05-26","form":"8-K","submitted_at":null,"items":[{"id":1485,"accession_number":"0001193125-26-237932","item_number":"7.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.45,"reasoning":"The filing discloses a $900 million private offering of senior secured notes by a subsidiary, with proceeds intended to fund the Klöckner Acquisition and refinance existing debt. While the notes are debt rather than equity, the offering is material and raises capital for a major acquisition. However, this is primarily a debt financing announcement in connection with M\u0026A activity, which may be better classified as ma_activity given the central role of the Klöckner Acquisition in the disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:10:32.006484+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":1485,"accession_number":"0001193125-26-237932","item_number":"7.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.45,"reasoning":"The filing discloses a $900 million private offering of senior secured notes by a subsidiary, with proceeds intended to fund the Klöckner Acquisition and refinance existing debt. While the notes are debt rather than equity, the offering is material and raises capital for a major acquisition. However, this is primarily a debt financing announcement in connection with M\u0026A activity, which may be better classified as ma_activity given the central role of the Klöckner Acquisition in the disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:10:32.006484+00:00","company_name":"Worthington Steel, Inc.","ticker":"WS","filing_date":"2026-05-26"}]}