Company: ZEUS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024377
Chunk: 8

Company: OLYMPIC STEEL INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 8
---
   35,297   31,945 
 Total operating lease liabilities  $41,926  $37,810 
         
 Finance Leases         
 Finance lease   4,456   4,812 
 Finance lease accumulated depreciation   (2,338)  (2,354)
 Finance lease, net   2,118   2,458 
         
 Finance lease current liabilities   751   853 
 Finance lease liabilities   1,454   1,697 
 Total finance lease liabilities  $2,205  $2,550 
         
 Weighted Average Remaining Lease Term         
 Operating leases (in years)   9   9 
 Finance leases (in years)   3   4 
         
 Weighted Average Discount Rate         
 Operating leases   6.11%  5.76%
 Finance leases   5.97%  5.89%

   Maturities of lease liabilities were as follows:

       Operating    Finance  
 (in thousands)   Leases    Leases  
 Year Ending December 31,         
 2025  $4,565  $473 
 2026   8,760   736 
 2027   7,422   623 
 2028   5,860   454 
 2029   4,756   124 
 Thereafter   25,481   13 
 Total future minimum lease payments  $56,844  $2,423 
 Less remaining imputed interest   (14,918)  (218)
 Total  $41,926  $2,205 

       12

    7.  Debt: 

   The Company’s debt is comprised of the following components:

       As of  
   June 30,    December 31,  
 (in thousands)   2025    2024  
 Asset-based revolving credit facility due April 17, 2030  $233,198  $272,456 
 Total debt  $233,198  $272,456 

   On  April 17, 2025, the Company entered into a Ninth Amendment to Third Amended and Restated Loan and Security Agreement, which extended the maturity date of its asset-based credit facility (the ABL Credit Facility