Document:

EX-4.12

  Exhibit 4.12

  EXECUTION VERSION

  May 4, 2022

  Worthington Industries, Inc. 
200 Old Wilson Bridge Road
Columbus, Ohio 43085

  Re:	Amendment No. 3 to Note Agreement

  Ladies and Gentlemen:

  This letter agreement (this “Letter”) makes reference to that certain Note Agreement, dated as of August 10, 2012 (as amended by Amendment No. 1 to Note Agreement dated June 10, 2015 and Amendment No. 2 to Note Agreement dated August 23, 2019, the “Note Agreement”), among Worthington Industries, Inc., an Ohio corporation (the “Company”), on the one hand, and The Prudential Insurance Company of America, Pruco Life Insurance Company of New Jersey, Pruco Life Insurance Company, Prudential Arizona Reinsurance Universal Company, Prudential Annuities Life Assurance Corporation, The Prudential Life Insurance Company, Ltd., and The Gibraltar Life Insurance Co., Ltd., on the other hand.  Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Note Agreement, as amended hereby.

  The Company has requested that the holders of the Notes agree to certain modifications to the Note Agreement, as more particularly set forth below.  

  Subject to the terms and conditions hereof, the undersigned holders of the Notes are willing to agree to such request.  Accordingly, and in accordance with the provisions of paragraph 11C of the Note Agreement, the parties hereto agree as follows:

  SECTION 1.  Amendments to the Note Agreement. Effective upon the Effective Date (as defined in Section 2 below) the Note Agreement is amended as follows:

  1.1.	Paragraph 6F of the Note Agreement is hereby amended by deleting each reference to “date of closing” contained therein and inserting “Amendment No. 3 Effective Date” in lieu thereof. 

  1.2.	Paragraph 8A(1) of the Note Agreement is hereby amended by deleting each reference to “date of closing” contained therein and inserting “Amendment No. 3 Effective Date” in lieu thereof. 

  1.3.	Paragraph 10B of the Note Agreement is hereby amended by adding or amending and restating, as applicable, each of the following definitions:

  “Amendment No. 3 Effective Date” shall mean May 4, 2022.

   

  

   

  “AR Facility” shall mean the receivables financing facility by and among Worthington Receivables, as seller, the Company, as servicer, the members of the various purchaser groups from time to time party thereto and PNC Bank, National Association, as administrator, in each case as may be amended, restated, refinanced or otherwise modified from time to time (or any replacement or substitute thereof). 

  “Consolidated Total Assets” shall mean, as of any date of determination, the sum of the amounts that would appear on a consolidated balance sheet of the Company and its Subsidiaries for the total assets of the Company and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  “Worthington Receivables” shall mean Worthington Receivables Company, LLC, a Delaware limited liability company established as a “special purpose entity” for the Company’s trade receivables securitization facility.

  1.4.	The Note Agreement is hereby amended by amending and restating Schedules 6F and 8A(1) in their entirety to read as set forth on Schedules 6F and 8A(1), respectively, attached to this Letter.

  SECTION 2.	Effectiveness.  The amendments in Section 1 of this Letter shall become effective on the date (the “Effective Date”) that each of the following conditions has been satisfied:

  2.1.	Documents.	Each holder of a Note shall have received original counterparts of this Letter executed by the Company. 

  2.2.	Representations.  All representations set forth in Section 3 shall be true and correct as of the Effective Date.

  2.3.	Fees and Expenses.  The Company shall have paid the reasonable fees, charges and disbursements of ArentFox Schiff LLP, special counsel to the holders of Notes incurred in connection with this Letter.

  2.4.	Proceedings.  All corporate and other proceedings taken or to be taken in connection with the transactions contemplated by this Letter shall be satisfactory to such holder of Notes and its counsel, and such holder shall have received all such counterpart originals or certified or other copies of such documents as they may reasonably request.

  SECTION 3.	Representations and Warranties.  The Company represents and warrants to the holders of the Notes that, after giving effect hereto (a) the execution and delivery of this Letter has been duly authorized by all necessary corporate action on behalf of the Company and this Letter has been duly executed and delivered by a duly authorized officer of the Company, and all necessary or required consents to and approvals of this Letter have been obtained and are in full force and effect, (b) the representations and warranties set forth in paragraph 8 of the Note Agreement are true and correct as of the date of the execution and delivery of this Letter by the Company with the same effect as if made on such date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they were true and correct as of 

  	2

  

   

  such earlier date), and (c) no Default or Event of Default has occurred and is continuing on the date hereof.  

  SECTION 4.	Reference to and Effect on Note Agreement.  Upon the effectiveness of the amendments made in this Letter, each reference to the Note Agreement in any other document, instrument or agreement shall mean and be a reference to the Note Agreement as amended by this Letter.  Except as specifically set forth in Section 1 hereof, the Note Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.  Except as specifically stated in Section 1 of this Letter, the execution, delivery and effectiveness of this Letter shall not (a) amend the Note Agreement, any Note or any other document relating thereto, (b) operate as a waiver of any right, power or remedy of the holder of any Note, or (c) constitute a waiver of, or consent to any departure from, any provision of the Note Agreement, any Note or any other document relating thereto at any time.  The execution, delivery and effectiveness of this Letter shall not be construed as a course of dealing or other implication that any holder of the Notes has agreed to or is prepared to grant any amendment to, waiver of or consent under the Note Agreement, any Note or any other document relating thereto in the future, whether or not under similar circumstances.  

  SECTION 5.	Expenses.  The Company hereby confirms its obligations under the Note Agreement, whether or not the transactions hereby contemplated are consummated, to pay, promptly after request by the holders of the Notes all reasonable out-of-pocket costs and expenses, including attorneys’ fees and expenses, incurred by such holders in connection with this Letter or the transactions contemplated hereby, in enforcing any rights under this Letter, or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Letter or the transactions contemplated hereby.  The obligations of the Company under this Section 5 shall survive transfer by any holder of any Note and payment of any Note.

  SECTION 6.	Governing Law.  THIS LETTER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES UNDER THIS LETTER OR IN CONNECTION WITH ANY CLAIMS OR DISPUTES ARISING OUT OF OR RELATING TO THIS LETTER (WHETHER SOUNDING IN CONTRACT OR TORT) SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK (EXCLUDING ANY CONFLICTS OF LAW RULES WHICH WOULD OTHERWISE CAUSE THIS LETTER TO BE CONSTRUED OR ENFORCED IN ACCORDANCE WITH, OR THE RIGHTS OF THE PARTIES TO BE GOVERNED BY, THE LAWS OF ANY OTHER JURISDICTION).

  SECTION 7.	Counterparts; Section Titles.  This Letter may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together  shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Letter by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Letter. The section titles contained in this Letter are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.	

  [remainder of page intentionally left blank; signature page follows]

   

  	3

  

   

  Very truly yours,

THE PRUDENTIAL INSURANCE COMPANY  OF AMERICA

   

  By:	PGIM., Inc. (as Investment manager)

   

  By:  /s/Dianna D. Carr-Coletta

  	Vice President

   

   

  PRUCO LIFE INSURANCE COMPANY OF

    NEW JERSEY

  PRUCO LIFE INSURANCE COMPANY

   

  By:	PGIM., Inc. (as Investment manager)

   

  By:  /s/Dianna D. Carr-Coletta

  	Vice President

   

   

  						PRUDENTIAL ARIZONA REINSURANCE

  						  UNIVERSAL COMPANY

  						PRUDENTIAL ANNUITIES LIFE

  						  ASSURANCE CORPORATION

   

  						By:	PGIM., Inc. (as Investment manager)

  	 

  						By:  /s/Dianna D. Carr-Coletta

  							Vice President

  	 

   

  						THE PRUDENTIAL LIFE INSURANCE

  						  COMPANY, LTD.

  						THE GIBRALTAR LIFE INSURANCE

  						  CO., LTD.

  						 

  						By:	Prudential Investment Management (Japan), 								Inc. (as Investment Manager)

   

  						By:	PGIM., Inc. (as Sub-Adviser)

   

  By:  /s/Dianna D. Carr-Coletta

  Vice President

   

  Amendment No. 3 to Note Agreement	

  

   

  THE LETTER IS AGREED TO
AND ACCEPTED BY:

  WORTHINGTON INDUSTRIES, INC.
 

  By: /s/Marcus A. Rogier	
Name:  Marcus A. Rogier
Title: Treasurer

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  	 

   

   

  Amendment No. 3 to Note Agreement	

  

   

  SCHEDULE 6F

  UNRESTRICTED SUBSIDIARIES

  Domestic Unrestricted Subsidiaries

  Worthington-Buckeye, Inc. (OH)

  GerCo Holdings, Inc. (OH)
Worthington Receivables Company, LLC (DE)
Worthington Industries Leasing, LLC (OH)

  Worthington Military Construction, Inc. (OH)

  Worthington Mid-Rise Construction, Inc. (OH)

   

  Foreign Unrestricted Subsidiaries

  Worthington Cylinders GmbH (Austria)
Worthington Steel Mexico, S.A. de C.V. (Mexico)
Worthington Industries International S.á.r.l. (Luxembourg)

   

  6F-1

  

   

  SCHEDULE 8A(1)

  SUBSIDIARIES

  Domestic Unrestricted Subsidiaries

  Worthington-Buckeye, Inc. (OH)

  GerCo Holdings, Inc. (OH)
Worthington Receivables Company, LLC (DE)
Worthington Industries Leasing, LLC (OH)

  Worthington Military Construction, Inc. (OH)

  Worthington Mid-Rise Construction, Inc. (OH)

   

   

  Foreign Unrestricted Subsidiaries

  Worthington Cylinders GmbH (Austria)
Worthington Steel Mexico, S.A. de C.V. (Mexico)
Worthington Industries International S.á.r.l. (Luxembourg)

   

  Restricted Subsidiaries

  		
	Worthington Services, LLC 
	Ohio 

	Worthington Industries Medical Center, Inc. 
	Ohio 

	Worthington Steel of Michigan, Inc. (d/b/a The Worthington Steel Company) 
	Michigan 

	New AMTROL Holdings, Inc. 
	Delaware 

	AMTROL Inc. 
	Rhode Island 

	AMTROL North American Cylinders, LLC 
	Delaware 

	AMTROL Water Technology, LLC 
	Delaware 

	AMTROL International Investments Inc. 
	Rhode Island 

	AMTROL Holding Netherlands B.V. 
	Netherlands 

	AMTROL Holding Portugal, SGPS, Unipessoal, Lda 
	Portugal 

	AMTROL-ALFA Metalomecanica, S.A. 
	Portugal 

	AMTROL Licensing Inc. 
	Rhode Island 

	Cleveland Pickling, Inc. 
	Delaware 

	Precision Specialty Metals, Inc. 
	Delaware 

	WI Ventures, LLC 
	Ohio 

	Worthington Cylinder Corporation 
	Ohio 

	dHybrid Systems, LLC 
	Ohio 

	Worthington Cryogenics, LLC 
	Ohio 

	Worthington Cylinders Mexico, S. de R.L. de C.V. 
	Mexico 

	Worthington Industries Poland Sp. z.o.o. 
	Poland 

	Worthington Industries Germany UG 
	Germany 

	Worthington Cylinders Kansas, LLC 
	Ohio 

	 
	 

   

   

  

   

  		
	Worthington Cylinders Wisconsin, LLC 
	Ohio 

	Worthington Industries Engineered Cabs, Inc. (d/b/a Angus Industries, Inc.) 
	Delaware 

	The Worthington Steel Company (formerly Worthington Ventures, Inc.) 
	Delaware 

	Worthington CDBS Holding, LLC 
	Ohio 

	The Worthington Steel Company 
	Ohio 

	The Worthington Steel Company, LLC 
	Ohio 

	Worthington Steel Company of Decatur, LLC 
	Alabama 

	Worthington Steel Rome, LLC 
	Ohio 

	Worthington WSP, LLC 
	Michigan 

	WC Realty Holdings, LLC
GTI Holding Company
General Tools & Instruments Company, LLC
Mannix Instruments Co., LLC
PTI Distributors, LLC
General Tools & Instruments (Shanghai) Company, Ltd.
PTEC Pressure Technology GmbH
Tempel Steel Company, LLC
Tempel HK Holding Co., Limited
T DO B, LLC
Tempel Changzhou Precision Metal Products Co. Ltd.
Tempel Canada Corporation
Tempel Precision Metal Products India Pvt Ltd.
Tempel de Mexico, S de R.I. de C.V.
Spartan Steel Coating, LLC* 
	Ohio
Delaware
New York
New York
New York
China
Germany
Illinois
Hong Kong
Illinois
China
Canada
India
Mexico
Michigan 

	TWB Company, LLC*
	Michigan 

	Tailor Welded Blanks of Canada, Inc.* 
	Canada 

	TWB of Ohio, Inc.* 
	Ohio 

	TWB Industries, S.A. de C.V.* 
	Mexico 

	TWB de Mexico, S.A. de C.V.* 
	Mexico 

	Worthington Specialty Processing (WSP)*
	Michigan 

	Worthington Taylor, LLC* 
	Michigan 

	ProCoil Company, LLC* 
	Delaware 

	Worthington Samuel Coil Processing, LLC*
	Ohio

	 
	 

	 
	 

	 
	 

  *Spartan Steel Coating, LLC (“Spartan”), , TWB Company, L.L.C., TWB of Ohio, Inc., Tailor Welded Blanks of Canada, Inc., TWB Industries, S.A. de C.V., TWB de Mexico, S.A. de C.V., Worthington Specialty Processing (“WSP”), Worthington Taylor, LLC, ProCoil Company, LLC, and Worthington Samuel Coil Processing, LLC are the only Restricted Subsidiaries that are not Wholly-Owned Subsidiaries of the Company.  Worthington Steel of Michigan Inc. owns 52% of the Equity Interests in Spartan and AK Steel Corporation owns the remaining 48%. Worthington Steel of Michigan, Inc. owns 55% of the Equity Interests in TWB Company, L.L.C. and a subsidiary of Boashan Iron & Steel Co., Ltd. owns the remaining 45%. TWB Company, L.L.C. owns 100% of the Equity Interests in Tailor Welded Blanks of Canada, Inc. 

   

  

   

  TWB Company, L.L.C. owns 100% of the Equity Interests in TWB of Ohio, Inc. TWB Company, L.L.C. owns 99% of the Equity Interests in TWB Industries, S.A. de C.V. and TWB of Ohio, Inc. owns the remaining 1%. TWB Company, L.L.C. owns 99% of the Equity Interests in TWB de Mexico, S.A. de C.V. and TWB of Ohio, Inc. owns the remaining 1%.  Worthington WSP, LLC owns 51% of the Equity Interests in WSP and USS WSP, LLC owns the remaining 49%.  Worthington Specialty Processing owns 100% of the Equity Interests in Worthington Taylor, LLC.  Worthington Specialty Processing owns 100% of the Equity Interests in ProCoil Company, LLC.  Cleveland Pickling, Inc owns 63% of the Equity Interests in Worthington Samuel Coil Processing, LLC and Samuel Manu-Tech Pickling, Inc. owns the remaining 37%.          

   

   

   

   

   

   

   

   

   

   

   

   

  	 

   

  
CH2:25850317.3EX-4.14

  Exhibit 4.14

   

  EXECUTION VERSION

  May 4, 2022

  Worthington Industries, Inc. 
200 Old Wilson Bridge Road
Columbus, Ohio 43085

  Re:	Amendment No. 1 to Note Purchase and Private Shelf Agreement

  Ladies and Gentlemen:

  This letter agreement (this “Letter”) makes reference to that certain Note Purchase and Private Shelf Agreement, dated as of August 23, 2019 (the “Note Agreement”), among Worthington Industries, Inc., an Ohio corporation (the “Company”), Worthington Industries International S.à r.l., a private limited liability company (société à responsabilité limitée) having its registered office at 2B, Ennert dem Bierg, L-5244 Sandweiler, Grand Duchy of Luxembourg, registered with the Luxembourg trade and companies register under number B 155530 and having a share capital of EUR58,818 (herein called “LuxCo”), and Worthington Cylinders GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) under Austrian law, having its seat at Kienberg, municipality Gaming, and its registered business address at Beim Flaschenwerk 1, 3291 Kienberg, Austria, registered with the Austrian companies register under number FN 167898 i (herein called “AustriaCo”; together with LuxCo, collectively the “Issuers”; and the Issuers together with the Company, the “Obligors”), on the one hand, and PGIM, Inc. (“Prudential”), The Prudential Insurance Company of America, Pruco Life Insurance Company of New Jersey, Pruco Life Insurance Company and each other Prudential Affiliate which becomes a party thereto, on the other hand.  Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Note Agreement, as amended hereby.

  The Obligors have requested that the holders of the Notes agree to certain modifications to the Note Agreement, as more particularly set forth below.  

  Subject to the terms and conditions hereof, the undersigned holders of the Notes are willing to agree to such request.  Accordingly, and in accordance with the provisions of paragraph 11C of the Note Agreement, the parties hereto agree as follows:

  SECTION 1.  Amendments to the Note Agreement. Effective upon the Effective Date (as defined in Section 2 below) the Note Agreement is amended as follows:

  1.1.	Paragraph 6F of the Note Agreement is hereby amended by deleting each reference to “date of closing” contained therein and inserting “Amendment No. 1 Effective Date” in lieu thereof. 

   

  

   

  1.2.	Paragraph 8A(1) of the Note Agreement is hereby amended by deleting each reference to “date of closing” contained therein and inserting “Amendment No. 1 Effective Date” in lieu thereof. 

  1.3.	Paragraph 10B of the Note Agreement is hereby amended by adding or amending and restating, as applicable, each of the following definitions:

  “Amendment No. 1 Effective Date” shall mean May 4, 2022.

  “AR Facility” shall mean the receivables financing facility by and among Worthington Receivables, as seller, the Company, as servicer, the members of the various purchaser groups from time to time party thereto and PNC Bank, National Association, as administrator, in each case as may be amended, restated, refinanced or otherwise modified from time to time (or any replacement or substitute thereof). 

  “Consolidated Total Assets” shall mean, as of any date of determination, the sum of the amounts that would appear on a consolidated balance sheet of the Company and its Subsidiaries for the total assets of the Company and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  “Worthington Receivables” shall mean Worthington Receivables Company, LLC, a Delaware limited liability company established as a “special purpose entity” for the Company’s trade receivables securitization facility.

  1.4.	The Note Agreement is hereby amended by amending and restating Schedules 6F and 8A(1) in their entirety to read as set forth on Schedules 6F and 8A(1), respectively, attached to this Letter.

  SECTION 2.	Effectiveness.  The amendments in Section 1 of this Letter shall become effective on the date (the “Effective Date”) that each of the following conditions has been satisfied:

  2.1.	Documents.	Prudential and each holder of a Note shall have received original counterparts of this Letter executed by the Obligors. 

  2.2.	Representations.  All representations set forth in Section 3 shall be true and correct as of the Effective Date.

  2.3.	Fees and Expenses.  The Obligors shall have paid the reasonable fees, charges and disbursements of ArentFox Schiff LLP, special counsel to Prudential and the holders of Notes incurred in connection with this Letter.

  2.4.	Proceedings.  All corporate and other proceedings taken or to be taken in connection with the transactions contemplated by this Letter shall be satisfactory to Prudential and such holder of Notes and its counsel, and such holder shall have received all such counterpart originals or certified or other copies of such documents as they may reasonably request.

  	2

  

   

  SECTION 3.	Representations and Warranties.  The Obligors represent and warrant to the holders of the Notes that, after giving effect hereto (a) the execution and delivery of this Letter has been duly authorized by all necessary corporate action on behalf of the Obligors and this Letter has been duly executed and delivered by a duly authorized officer of each Obligor, and all necessary or required consents to and approvals of this Letter have been obtained and are in full force and effect, (b) the representations and warranties set forth in paragraph 8 of the Note Agreement are true and correct as of the date of the execution and delivery of this Letter by the Obligors with the same effect as if made on such date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they were true and correct as of such earlier date), and (c) no Default or Event of Default has occurred and is continuing on the date hereof.  

  SECTION 4.	Reference to and Effect on Note Agreement.  Upon the effectiveness of the amendments made in this Letter, each reference to the Note Agreement in any other document, instrument or agreement shall mean and be a reference to the Note Agreement as amended by this Letter.  Except as specifically set forth in Section 1 hereof, the Note Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.  Except as specifically stated in Section 1 of this Letter, the execution, delivery and effectiveness of this Letter shall not (a) amend the Note Agreement, any Note or any other document relating thereto, (b) operate as a waiver of any right, power or remedy of Prudential or the holder of any Note, or (c) constitute a waiver of, or consent to any departure from, any provision of the Note Agreement, any Note or any other document relating thereto at any time.  The execution, delivery and effectiveness of this Letter shall not be construed as a course of dealing or other implication that Prudential or any holder of the Notes has agreed to or is prepared to grant any amendment to, waiver of or consent under the Note Agreement, any Note or any other document relating thereto in the future, whether or not under similar circumstances.  

  SECTION 5.	Expenses.  The Obligors hereby confirm their obligations under the Note Agreement, whether or not the transactions hereby contemplated are consummated, to pay, promptly after request by Prudential or the holders of the Notes all reasonable out-of-pocket costs and expenses, including attorneys’ fees and expenses, incurred by Prudential or such holders in connection with this Letter or the transactions contemplated hereby, in enforcing any rights under this Letter, or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Letter or the transactions contemplated hereby.  The obligations of the Obligors under this Section 5 shall survive transfer by any holder of any Note and payment of any Note.

  SECTION 6.	Governing Law.  THIS LETTER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES UNDER THIS LETTER OR IN CONNECTION WITH ANY CLAIMS OR DISPUTES ARISING OUT OF OR RELATING TO THIS LETTER (WHETHER SOUNDING IN CONTRACT OR TORT) SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK (EXCLUDING ANY CONFLICTS OF LAW RULES WHICH WOULD OTHERWISE CAUSE THIS LETTER TO BE CONSTRUED OR ENFORCED IN ACCORDANCE WITH, OR THE RIGHTS OF THE PARTIES TO BE GOVERNED BY, THE LAWS OF ANY OTHER JURISDICTION).

  	3

  

   

  SECTION 7.	Counterparts; Section Titles.  This Letter may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together  shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Letter by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Letter. The section titles contained in this Letter are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.	

  [remainder of page intentionally left blank; signature page follows]

   

  	4

  

   

  Very truly yours,

PGIM, INC.

   

   

  By:  /s/Dianna D. Carr-Coletta

  Vice President

   

   

  THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

   

  By: PGIM, Inc., as investment manager

   

   

  By:  /s/Dianna D. Carr-Coletta

           Vice President

   

   

  PRUCO LIFE INSURANCE COMPANY

   

  By: PGIM, Inc., as investment manager

   

   

  By:  /s/Dianna D. Carr-Coletta

           Vice President

   

   

  PRUDENTIAL LEGACY INSURANCE COMPANY OF NEW JERSEY

   

  By: PGIM, Inc., as investment manager

   

   

  By:  /s/Dianna D. Carr-Coletta

           Vice President

  Amendment No. 1 to Note Purchase and Private Shelf Agreement	

  

   

   

  THE LETTER IS AGREED TO
AND ACCEPTED BY:

  WORTHINGTON INDUSTRIES, INC.
 

  By: /s/Marcus A. Rogier

  Name: Marcus A. Rogier
Title:  Treasurer

   

   

  WORTHINGTON INDUSTRIES 	INTERNATIONAL S.À R.L.

By: /s/Marcus A. Rogier
Name:  Marcus A. Rogier
Title:   Treasurer

   

   

  WORTHINGTON CYLINDERS GMBH 

By: /s/Marcus A. Rogier
Name: Marcus A. Rogier
Title:   Treasurer

   

   

  Amendment No. 1 to Note Purchase and Private Shelf Agreement	

  

   

  SCHEDULE 6F

  UNRESTRICTED SUBSIDIARIES

  Domestic Unrestricted Subsidiaries

  Worthington-Buckeye, Inc. (OH)

  GerCo Holdings, Inc. (OH)
Worthington Receivables Company, LLC (DE)
Worthington Industries Leasing, LLC (OH)

  Worthington Military Construction, Inc. (OH)

  Worthington Mid-Rise Construction, Inc. (OH)

   

  Foreign Unrestricted Subsidiaries

  Worthington Cylinders GmbH (Austria)
Worthington Steel Mexico, S.A. de C.V. (Mexico)
Worthington Industries International S.á.r.l. (Luxembourg)

   

  6F-1

  

   

  SCHEDULE 8A(1)

  SUBSIDIARIES

  Domestic Unrestricted Subsidiaries

  Worthington-Buckeye, Inc. (OH)

  GerCo Holdings, Inc. (OH)
Worthington Receivables Company, LLC (DE)
Worthington Industries Leasing, LLC (OH)

  Worthington Military Construction, Inc. (OH)

  Worthington Mid-Rise Construction, Inc. (OH)

   

   

  Foreign Unrestricted Subsidiaries

  Worthington Cylinders GmbH (Austria)
Worthington Steel Mexico, S.A. de C.V. (Mexico)
Worthington Industries International S.á.r.l. (Luxembourg)

   

  Restricted Subsidiaries

  		
	Worthington Services, LLC 
	Ohio 

	Worthington Industries Medical Center, Inc. 
	Ohio 

	Worthington Steel of Michigan, Inc. (d/b/a The Worthington Steel Company) 
	Michigan 

	New AMTROL Holdings, Inc. 
	Delaware 

	AMTROL Inc. 
	Rhode Island 

	AMTROL North American Cylinders, LLC 
	Delaware 

	AMTROL Water Technology, LLC 
	Delaware 

	AMTROL International Investments Inc. 
	Rhode Island 

	AMTROL Holding Netherlands B.V. 
	Netherlands 

	AMTROL Holding Portugal, SGPS, Unipessoal, Lda 
	Portugal 

	AMTROL-ALFA Metalomecanica, S.A. 
	Portugal 

	AMTROL Licensing Inc. 
	Rhode Island 

	Cleveland Pickling, Inc. 
	Delaware 

	Precision Specialty Metals, Inc. 
	Delaware 

	WI Ventures, LLC 
	Ohio 

	Worthington Cylinder Corporation 
	Ohio 

	dHybrid Systems, LLC 
	Ohio 

	Worthington Cryogenics, LLC 
	Ohio 

	Worthington Cylinders Mexico, S. de R.L. de C.V. 
	Mexico 

	Worthington Industries Poland Sp. z.o.o. 
	Poland 

	Worthington Industries Germany UG 
	Germany 

	Worthington Cylinders Kansas, LLC 
	Ohio 

	 
	 

   

   

  

   

  		
	Worthington Cylinders Wisconsin, LLC 
	Ohio 

	Worthington Industries Engineered Cabs, Inc. (d/b/a Angus Industries, Inc.) 
	Delaware 

	The Worthington Steel Company (formerly Worthington Ventures, Inc.) 
	Delaware 

	Worthington CDBS Holding, LLC 
	Ohio 

	The Worthington Steel Company 
	Ohio 

	The Worthington Steel Company, LLC 
	Ohio 

	Worthington Steel Company of Decatur, LLC 
	Alabama 

	Worthington Steel Rome, LLC 
	Ohio 

	Worthington WSP, LLC 
	Michigan 

	WC Realty Holdings, LLC
GTI Holding Company
General Tools & Instruments Company, LLC
Mannix Instruments Co., LLC
PTI Distributors, LLC
General Tools & Instruments (Shanghai) Company, Ltd.
PTEC Pressure Technology GmbH
Tempel Steel Company, LLC
Tempel HK Holding Co., Limited
T DO B, LLC
Tempel Changzhou Precision Metal Products Co. Ltd.
Tempel Canada Corporation
Tempel Precision Metal Products India Pvt Ltd.
Tempel de Mexico, S de R.I. de C.V.
Spartan Steel Coating, LLC* 
	Ohio
Delaware
New York
New York
New York
China
Germany
Illinois
Hong Kong
Illinois
China
Canada
India
Mexico
Michigan 

	TWB Company, LLC*
	Michigan 

	Tailor Welded Blanks of Canada, Inc.* 
	Canada 

	TWB of Ohio, Inc.* 
	Ohio 

	TWB Industries, S.A. de C.V.* 
	Mexico 

	TWB de Mexico, S.A. de C.V.* 
	Mexico 

	Worthington Specialty Processing (WSP)*
	Michigan 

	Worthington Taylor, LLC* 
	Michigan 

	ProCoil Company, LLC* 
	Delaware 

	Worthington Samuel Coil Processing, LLC*
	Ohio

	 
	 

	 
	 

	 
	 

  *Spartan Steel Coating, LLC (“Spartan”), , TWB Company, L.L.C., TWB of Ohio, Inc., Tailor Welded Blanks of Canada, Inc., TWB Industries, S.A. de C.V., TWB de Mexico, S.A. de C.V., Worthington Specialty Processing (“WSP”), Worthington Taylor, LLC, ProCoil Company, LLC, and Worthington Samuel Coil Processing, LLC are the only Restricted Subsidiaries that are not Wholly-Owned Subsidiaries of the Company.  Worthington Steel of Michigan Inc. owns 52% of the Equity Interests in Spartan and AK Steel Corporation owns the remaining 48%. Worthington Steel of Michigan, Inc. owns 55% of the Equity Interests in TWB Company, L.L.C. and a subsidiary of Boashan Iron & Steel Co., Ltd. owns the remaining 45%. TWB Company, L.L.C. owns 100% of the Equity Interests in Tailor Welded Blanks of Canada, Inc. 

   

  

   

  TWB Company, L.L.C. owns 100% of the Equity Interests in TWB of Ohio, Inc. TWB Company, L.L.C. owns 99% of the Equity Interests in TWB Industries, S.A. de C.V. and TWB of Ohio, Inc. owns the remaining 1%. TWB Company, L.L.C. owns 99% of the Equity Interests in TWB de Mexico, S.A. de C.V. and TWB of Ohio, Inc. owns the remaining 1%.  Worthington WSP, LLC owns 51% of the Equity Interests in WSP and USS WSP, LLC owns the remaining 49%.  Worthington Specialty Processing owns 100% of the Equity Interests in Worthington Taylor, LLC.  Worthington Specialty Processing owns 100% of the Equity Interests in ProCoil Company, LLC.  Cleveland Pickling, Inc owns 63% of the Equity Interests in Worthington Samuel Coil Processing, LLC and Samuel Manu-Tech Pickling, Inc. owns the remaining 37%.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]