What changed
WSI entered two forward-starting interest rate swaps totaling $300 million in notional amount on November 6, 2026, hedging variable-rate debt under its ABL Facility. A $200 million swap with MUFG Bank carries a fixed rate of 4.3451%, and a $100 million swap with Capital One carries a fixed rate of 4.3450%; both receive one-month term SOFR, take effect June 30, 2027, and mature June 30, 2030. The swaps are designated and qualify as cash flow hedges of interest payment exposure.
Why it matters
WSI entered two forward-starting interest rate swaps totaling $300 million in notional amount on November 6, 2026, hedging variable-rate debt under its ABL Facility. A $200 million swap with MUFG Bank