EXHIBIT 4(i)(v)
[WORTHINGTON INDUSTRIES LETTERHEAD]
November 21, 2002
VIA FACSIMILE AND OVERNIGHT CARRIER
PNC Bank, National Association
▇▇▇ ▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇
Re: Termination of 364-Day Revolving Credit
Dear ▇▇▇▇▇:
Reference is hereby made to the 364-Day Revolving Credit
Agreement dated as of May 10, 2002 among Worthington Industries, Inc. (the
"Borrower"), the Lenders party thereto, and PNC Bank, National Association, as
Administrative Agent (the "364-Day Credit Agreement"). This letter constitutes
notice, pursuant to Section 2.10(a) of the 364-Day Credit Agreement, of
▇▇▇▇▇▇▇▇'s request that the Revolving Committed Amount under, and as defined in,
the 364-Day Credit Agreement be terminated in full as of November 29, 2002.
Please call if you have questions or need additional
information, and fax an executed acknowledgment of this letter to me at
614.438.7508. Thank you for your attention to this matter.
Sincerely,
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President and Chief Financial Officer
Acknowledged:
PNC Bank, National Association, as Administrative Agent
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Managing Director